In the Margins

JPMorgan joins push for non-transparent active ETFs

January 23, 2017

By The Wall Street Journal

JPMorgan Chase & Co. is the latest asset managers to back a new type of exchange-traded fund that mimics active strategies but keeps its investments secret. The concept, designed by Precidian Investments, has so far been rejected by the Securities and Exchange Commission despite support from industry giants including BlackRock, American Funds owner Capital Group, and Legg Mason, which owns a minority stake in Precidian. Read the original story from The Wall Street Journal

 

 

Most Read

CCO Insight
CCOs see bigger pay bump in 2017

Mutual fund chief compliance officers received significant bumps in pay in 2017, according to new data from Management Practice Inc. On average, fund CCO compensation packages ...