FYI: Fidelity Investments and T. Rowe Price Group Inc. TROW 0.27% were among the firms that won preliminary regulatory approval to offer a new flavor of exchange-traded fund aimed at reviving investors’ interest in stock-picking managers.
The U.S. Securities and Exchange Commission on Thursday gave a green light to the firms’ plans, along with those submitted by Natixis Investment Managers and Blue Tractor Group, to create ETFs that choose securities without exposing the managers’ trading tactics.
The approvals granted Thursday were years in the making, and come months after upstart Precidian Investments secured a go-ahead for its own active ETF model.
Regards,
Ted
https://www.wsj.com/articles/fidelity-t-rowe-win-preliminary-ok-on-new-stock-picking-etfs-11573775502?mod=md_mf_news
Comments