Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Clarke Wins Eaton Vance's First ETMF Convert Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, January 16, 2015

Clarke Wins Eaton Vance's First ETMF Convert

Reported by Neil Anderson, Managing Editor

Gene Needles is betting on Eaton Vance's [profile] vision of an ETF-like future for active mutual fund managers.

Yesterday Needles confirmed that American Beacon [profile] is teaming up with Eaton Vance's Navigate Fund Solutions subsidiary to launch American Beacon's own NextShares exchange-traded managed funds (ETMFs). For the first round, American Beacon is prepping five ETMFs for which it already offers mutual fund versions of the strategies.

Eaton Vance's ETMF idea cleared multiple regulatory hurdles in the fall.

The ETMF structure, says American Beacon chief operating officer Jeff Ringdahl, "combines some of the best features of mutual funds and ETFs." In particular, Ringdahl likes that, like a mutual fund but not like an ETF, an ETMF can better avoid front-running thanks to non-daily portfolio disclosures.

"The benefits aren't maximized for every investment strategy, but there are plenty of investment strategies for which this structure will deliver better performance," Ringdahl tells MFWire. "We're happy to be a licensee rather than a pioneer."

"This structure fits nicely with one key tenet of our product development: innovative solutions with enduring value," Ringdahl adds. "I don't see a reason why we wouldn't offer substantially all of our investment products in both a mutual fund and an ETMF format [eventually]." 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2018
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use