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There’s been an unusual bit of buzz about something that hasn’t quite happened: JPMorgan Chase signed on to launch actively managed exchange-traded funds using a structure that hasn’t yet been approved.
Active ETFs are still something of a chimera in the industry. Most fund providers are holding out for nontransparent versions that would allow them to disclose a portfolio’s holdings quarterly, like mutual funds, rather than daily. Precidian Investments has been trying to get approval for its ActiveShares model, which would do just that. JPMorgan Asset Management’s licensing agreement with Precidian indicates optimism ActiveShares might be trading soon.
Regards,
Ted
Ted
https://www.google.com/#q=Who+Really+Needs+Active+ETFs?+Barron's
