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

10 Things
10 Things...boards are facing now and into 2024

Serving on a mutual fund board is, by definition, a challenging job. But given the current regulatory environment, ever-increasing product competition (and related pressure on fees), ...