FYI: I remember the first time I predicted that “this was the year” for nontransparent active ETFs. It was 2013.
Every year since, I’ve consistently believed the approval of one specific structure—the Precidian ActiveShares
filings—would be approved “any day now.” So while I guess I should give up any aspirations as a predictor of actual events, I’ll take some solace in knowing I at least got the “winner” of the race to get an NTA structure approved. I never really had a doubt.
Regards,
Ted
https://www.etf.com/publications/etfr/6-year-active-etf-solution