News | 04.09.19
New, Active ETFs Win SEC Approval
On Monday, the SEC gave its first approval for a nontransparent actively-managed exchange-traded fund (ETF). Precidian Investments first filed to launch the ETF almost five years ago. “This is wonderful news for investors as well as the asset management community,” said Dan McCabe, CEO of Precidian. For years, active asset managers have had to compete with index funds, but the SEC's moves levels the playing field, he said.
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