SEC gives green light to Eaton Vance’s active ETMFs

Eaton Vance gains approval for actively managed non-transparent ETF from US Securities and Exchange commission

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The US Securities and Exchange Commission (SEC) is to grant investment manager Eaton Vance a set of exemptions allowing it to launch a series of exchange-traded managed funds (ETMF).

ETMFs are a form of actively managed, non-transparent exchange-traded funds (ETFs). The SEC's exemptions mean that, unlike regular ETFs, ETMFs are not required to disclose their underlying assets on a daily basis.

Instead, ETMFs can publish their underlying holdings once a quarter with a 60-day lag, much like a

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