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First Non-Transparent Active ETF To Launch In February

TedTed
edited January 2016 in The Bullpen
FYI: (This is a follow-up article)
The first exchange traded managed fund, a new fund structure that is a hybrid between an actively managed mutual fund and exchange traded fund, is set to launch Feb. 26. Eaton Vance, which developed the new structure, announced that its Eaton Vance Stock NextShares fund will list and trade on NASDAQ under the ticker EVSTC.

The fund will then be available to financial advisors, institutions and retail investors the following Monday through Folio Investing and Folio Institutional. Envestnet announced in August that NextShares will also be available to advisors using its digital wealth management platform.
Regards,
Ted
http://wealthmanagement.com/print/blog/first-non-transparent-active-etf-launch-february

InvestmentNews,Com Slant:
http://www.investmentnews.com/article/20160125/FREE/160129956?template=printart
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