Bringing you live news and features since 2006 


EatonVance releases new information on proposed actively-managed ETF structures


Eaton Vance Corp has released information concerning the regulatory status of proposed "portfolio-protected" active exchange-traded fund (ETF) structures that, if approved, could be competitive with the firm’s new NextShares funds.

Included on the website is a letter dated 17 April, 2015 from the staff of the US Securities and Exchange Commission (SEC) addressing the exemptive application filed by Precidian ETFs Trust, et al on 22 December, 2014. The letter was obtained under a Freedom of Information Act request and concludes that the SEC staff is "unwilling to support the request for exemptive relief" and "will recommend denial" unless applicants withdraw or revise the proposal. 

NextShares are a new type of actively managed fund designed to provide better performance for investors. As exchange-traded products, NextShares are designed to have built-in cost and tax efficiencies. Unlike conventional ETFs, they protect the confidentiality of fund trading information and provide buyers and sellers of shares with transparency and control of their trading costs. A range of leading asset managers have announced plans to offer NextShares funds to their investors. 

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Ryan McCormack, Invesco
This year sees the 25th anniversary of Invesco’s QQQ, the USD240 billion ETF – the fifth largest ETF in the...
The European ETF market achieved a record 28 per cent growth – reaching over USD1.8 trillion assets under management (AUM)...
Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by