Active ETFs: can they break into the mainstream?

Despite the lifting of a moratorium by the Securities and Exchange Commission last December, active ETFs have more hurdles to overcome before they're ready for the mainstream. Skittishness from the US regulator isn't helping, writes Yakob Peterseil


On December 6, in a speech to a roomful of lawyers, Norm Champ, a senior official at the US Securities and Exchange Commission (SEC), announced the lifting of a ban that had been in place at the SEC for almost three years. Champ announced that his division would no longer defer reviewing applications for active exchange-traded funds (ETFs) that use derivatives. Concerned about the use of derivatives by funds, the SEC had said in 2010 that it would no longer review applications that came in from

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