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An ETF First Coming Soon: Non-Transparent Funds
November 10, 2014 at 09:00 AM EST
The exchange-traded fund industry has certainly come a long way since the debut of SPY in 1993. Now there are over 1,600 products to choose from, with assets totaling over $2 trillion. The rise and popularity of these products are in part thanks to their key advantages over mutual funds, which include lower expenses, intra-day tradability, and perhaps most importantly, transparency. Last week, however, the ETF industry witnessed a game-changing decision made by the Securities and Exchange Commission (SEC) [see also How to Build an Income Portfolio with ETFs: Insights from David Fabian]. SEC Approves Eaton Vance’s “Non-Transparent” ETFs Eaton Vance, a well-known asset manager and mutual fund provider, announced on Thursday that the SEC has approved its filing for a new type of exchange-traded fund structure that does not have to disclose its holdings. The firm plans to launch 18 of these non-transparent funds, under a new product label called […] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts
The exchange-traded fund industry has certainly come a long way since the debut of SPY in 1993. Now there are over 1,600 products to choose from, with assets totaling over $2 trillion. The rise and popularity of these products are in part thanks to their key advantages over mutual funds, which include lower expenses, intra-day tradability, and perhaps most importantly, transparency. Last week, however, the ETF industry witnessed a game-changing decision made by the Securities and Exchange Commission (SEC) [see also How to Build an Income Portfolio with ETFs: Insights from David Fabian]. SEC Approves Eaton Vance’s “Non-Transparent” ETFs Eaton Vance, a well-known asset manager and mutual fund provider, announced on Thursday that the SEC has approved its filing for a new type of exchange-traded fund structure that does not have to disclose its holdings. The firm plans to launch 18 of these non-transparent funds, under a new product label called […]
