Analysts Chime in on SEC Rejection of Non-Transparent ETFs

Those ETFs are all managed by the same teams that oversee the new funds’ mutual fund counterparts and Fidelity also makes the holdings of those ETFs readily available to investors.

“The SEC’S denial of non-transparent active ETF’s as ‘not in the public interest or consistent with the protection of investors’ is a positive major decision that will help impact the entire investment industry going forward”, said Wesley Gray, founder of Alpha Architect.

Alpha Architect, which runs a family office and separately managed accounts, introduced its first ETF, the ValueShares U.S. Quantitative Value ETF (BATS: QVAL), on Wednesday. The actively managed fund also discloses its holdings, which include Apple, Coach (NYSE: COH), Cisco Systems (NasdaqGS: CSCO) and Dow component AT&T (NYSE: T). [ValueShares Quant ETF Debuts]

Calamos Focus Growth ETF

 

Tom Lydon’s clients own shares of Apple and Facebook.