FYI: Eaton Vance received SEC approval late last year to launch a series of actively managed, non-transparent products that will mirror the firm’s mutual funds while combining attributes of ETFs and mutual funds. This latest innovation, known as an Exchange Traded Managed Fund (ETMF), fuels speculation about the entry of other well-known mutual fund firms into the ETF business.
Active ETFs aren’t a new thing, as firms such as PIMCO, First Trust and Wisdom Tree are quick to point out. However, bond and currency ETFs dominate the active ETF category, and firms with a heritage of success managing active equity mutual funds have for the most part held back from offering ETFs.
Regards,
Ted
http://www.thinkadvisor.com/2015/02/06/are-actively-managed-etfs-really-the-next-big-thin?t=etfs&page_all=1
