News | 11.18.19
Fidelity, T. Rowe Win Preliminary OK on New Stock Picking ETFs
Fidelity Investments and T. Rowe Price are among the firms that won preliminary regulatory approval to offer a new type of ETF aimed at reviving investors' interest in stock-picking managers. The SEC green lighted the firms' plans, along with those submitted by Natixis Investment Managers and Blue Tractor, to create ETFs that choose securities without exposing the managers' trading tactics. The firms will still need to work through various details before launching their funds, which also require further regulatory approval. A priority is making sure the ETFs can trade efficiently.
Read the full article on Wall Street Journal