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 trad
The week on Risk.net, November 17–24, 2017Receive this by email