Rise of the Semi-Transparent (Nontransparent?) Active ETF
Eaton Vance is the first to launch an exchange-traded managed fund, with Precidian (and others) looking to release similar offerings.
Here's something you probably already know: Exchange-traded products (ETPs) have become extremely popular. In the US, the ETP market has ballooned to over $2 trillion, thanks mainly to the ease of buying and selling, transparency, and cost in creating and redeeming exchange-traded funds (ETFs). But while there's been a massive expansion of passive ETFs, the active ETF market represents a miniscule 1 percent of the entire ETF pie, says Jonathan Isaac, managing director for NextShares product
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A summary of the latest financial technology news.
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