FYI: Eaton Vance’s (NYSE: EV) Eaton Vance Asset Management Thursday gained approval from the Securities and Exchange Commission for exchange-traded managed funds (ETMFs), a type of exchange traded product that does not disclose its holdings on a daily basis as most passively managed ETFs do.
The SEC’s decision to allow Eaton Vance to proceed with ETMFs is a reversal from the Commission’s October rejection of applications by Precidian ETFs Trust and Spruce ETF Trust, a unit of BlackRock (NYSE: BLK), to offer active non-transparent ETFs. [SEC Rebukes Active Non-Transparent ETFs]
Regards,
Ted
http://www.etftrends.com/2014/11/eaton-vance-lands-approval-for-non-transparent-etf/
