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Precidian Moves Closer To Starting A Non-Transparent ETF

TedTed
in The Bullpen
FYI: In the fight for assets, active managers are firing back at their passive rivals.

Precidian Investments has unveiled a new suite of strategies it’s looking to register as it seeks approval for an innovative type of actively managed product that’s packaged as an exchange-traded fund. The investment manager has filed an initial registration statement for eight funds, sub-advised by two affiliates of Legg Mason Inc., U.S. Securities and Exchange Commission records show.
Regards,
Ted
https://www.bloomberg.com/news/articles/2017-04-05/precidian-moves-closer-to-non-transparent-etf-with-sec-filing
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