FYI: The billionaire’s investment firm, Oaktree Capital Group LLC, has agreed to sub-advise a debt-focused exchange-traded managed fund that’s due to start mid-November, according to a statement from Eaton Vance Corp., the product’s sponsor. Unlike a conventional ETF, the fund will only set its price at the end of the day rather than throughout, and it won’t reveal its holdings daily. It will, however, still trade on an exchange.
Regards,
Ted
https://www.bloomberg.com/news/articles/2017-11-10/oaktree-s-howard-marks-flirts-with-bond-etfs-he-once-spurned
