It looks like the third biggest mutual fund shop in the country is hearing the siren's call of the active ETF business.
On Monday the SEC revealed
its intent to approve Capital Group's
] request to launch a line of actively-managed ETFs. Trevor Hunnicutt of InvestmentNews reported
on the SEC's move.
The request covers ETFs invested in stocks and ETFs invested in bonds, in U.S. securities and non-U.S. ones. Unlike, say, the exchange-traded managed funds structure created by an Eaton Vance subsidiary, it appears that the proposed series of Capital Group ETFs would disclose holdings daily. It's not clear whether or not Capital Group's ETFs would follow new or existing strategies, and which existing strategies.
Capital Group first filed the request on July 28, 2014, then amended it on October 17 and January 26. If you want to give the SEC an earful about Capital Group's request, you have to formally request a hearing by 5:30pm on February 27.
Neil Anderson, Managing Editor
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