MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, September 18, 2013 Eaton's New Active ETF Gets Press Eaton Vance [profile] is saying, "Let me wrap that up for you." The firm's subsidiary Navigate Fund Solutions is working on creating an ETF-like wrapper for active mutual fund managers, ETF Trends writes, introducing a new acronym into the fund industry lexicon: ETMFs. ETMFs, or exchange traded managed funds would not disclose holdings daily and represents a trend to index-tracking ETFs and away from active equity mutual funds, Nicholas Colas, chief market strategist at ConvergEx Group wrote, ETF Trends reports. "Their edge: a claimed 50 basis point advantage over the traditional mutual fund cost structure. While they still need regulatory approval and industry buy-in, this is a sufficiently important development," ETF Trends quoted Colas as writing. MFWire covered Eaton's filing for the product Friday. To read more, click here here. Printed from: MFWire.com/story.asp?s=46117 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |