At least seven fund giants want to shift into stealth mode in their ETF investments.
that at least seven asset management giants, including BlackRock
, State Street
, and Eaton Vance
, have asked permission from the SEC to launch active ETFs that would have quarterly portfolio holding reports.
The newswire notes that the attraction of such an arrangement is that it would allow firms to use specialized strategies without revealing their "secret sauce."
Some of the products could launch next year, pending regulatory approval, according to the newswire.
Stay ahead of the news ... Sign up for our email alerts now