Xshares has filed with the SEC for exemptive relief to launch actively managed exchange traded funds (ETFs), reports Erin Kello for The Mutual Fund Wire. However, building an actively managed ETF isn’t the hard the part; getting SEC approval is. The goal is to get the SEC’s blessing on transparency and rebalancing frequency first, according to Jeff Feldman, chairman and founder of XShares.
“We would love to be able to offer transparency of 30-60 days while being able to rebalance the index as often as weekly. If the SEC is comfortable with this model, we can then build a group of actively managed ETFs around it,” he said.
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