BlacRock has also filed for another type of ETF structure that limits disclosure to portfolio holdings. Gastineau, though, points out that the BlackRock model does not provide NAV-based trading.
Currently, the proposed ETMF filing is going through the SEC, but if Eaton Vance gains approval, the money manager plans to launch a family of ETMFs based on existing Eaton Vance mutual funds.
“I can’t see any reason why anyone other than someone who wants to be a short-term trader would want to invest in mutual funds instead of ETMFs,” Gastineau said in the article. “If the world was rational there would be no more mutual funds.”
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Max Chen contributed to this article.