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

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

Rating:SEC Blesses a New Kind of Active ETF Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, April 9, 2019

SEC Blesses a New Kind of Active ETF

News summary by MFWire's editors

After nearly five years in the making (or at least in the regulatory approval process), a new kind of active ETF appears to be close to crossing the finish line, thanks to a long-awaited blessing from the top fund regulators in the land.

Yesterday the SEC granted conditional approval to Precidian Investments' ActiveShares ETF structure. According to the filing, unless the commission itself orders a hearing, the regulatory agency will issue an order granting Precidian's exemptive relief request for creating and licensing the ActiveShares structure. Anyone who wants to ask for such a hearing has until May 3 to do so.

Barron's, Bloomberg, ETF.com, Reuters, and the Wall Street Journal all covered the news.

Precidian (which is minority-backed by Legg Mason) is proposing a kind of ETF structure meant to be more friendly to active managers who worry about revealing their secret sauce to potential frontrunners and the like. The ActiveShares structure would allow an active manager to put its strategies into ETF shells, but with more mutual-fund-like (i.e. less frequent than ETFs') disclosures of portfolio holdings.

Several other players, including Fidelity and Blue Tractor, have been trying to get their own active ETF structures approved. Precidian rival Eaton Vance, which in 2016 launched an ETF-like structure targeting the same active management problem, is now seeking approval for an active ETF structure, too. 

Edited by: Neil Anderson, Managing Editor

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

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
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:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use