Another provider will be jumping into the actively managed exchange traded fund (ETF) pool, as Eaton Vance has gotten the go-ahead from the Securities and Exchange Commission.
Just a few weeks after iShares gained regulatory approval to begin its foray into active management with ETFs, Eaton Vance is joining the game. Does this mean the long approval process for launching actively managed ETFs has come to an end?
Joe Morris for Ignites reports that Eaton Vance’s approval consists of five initial fixed-income funds: the Enhanced Short Maturity, Government Limited Maturity, Intermediate Municipal Bond, Prime Limited Maturity and Short Term Municipal Bond. The funds may also hold equity securities, currencies, mortgage- or asset-backed securities and depositary receipts, but not derivatives.[Mutual Fund Providers Want In On Active ETFs.]
Transparency and front-running issues may have initially held up the approval process for actively managed ETFs. [State Street Files For Active ETFs: Will They Take The Lead?]
Tisha Guerrero contributed to this article.
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