FYI: Ready or not, nontransparent exchange-traded funds likely will be coming soon to a brokerage near you.
In May, the Securities and Exchange Commission approved the ActiveShares structure created by Precidian Funds that enable actively managed ETFs to disclose their portfolio holdings on a quarterly basis, much like mutual funds do. Traditionally, one of the hallmarks of ETFs is their daily portfolio disclosure.
Regards,
Ted
https://www.fa-mag.com/news/are-advisors-ready-for-nontransparent-etfs-50620.html?print
