February 16, 2008 at 1:00 pm by Tom Lydon
Exchange traded fund (ETF) provider PowerShares has been given the green light to launch the first group of actively managed funds.
But there’s a catch, reports Murray Coleman for Index Universe. The Securities and Exchange Commission (SEC) is hinging final approval on a public review process. This happened several years ago, and the public’s disapproval kiboshed any actively managed ETF from hitting the market.
So, here we are again.
The deadline for submitting a request for a public hearing is 5:30 p.m. on Feb. 26. If no hearing is requested, active ETFs will be hitting the market.
Tags | Green ETFs
