Causeway Capital Management has entered into a preliminary agreement with NextShares Solutions, a wholly-owned subsidiary of Eaton Vance, to support the launch by Causeway of a family of NextShares exchange-traded managed funds.
“We’re pleased to expand our availability to investors with the innovative and efficient structure of NextShares,” says Sarah Ketterer, chief executive officer of Causeway Capital Management.
NextShares, a way to invest in actively managed strategies, offer the potential for benchmark-beating returns by applying their manager’s proprietary investment research in an exchange-traded vehicle.
Along with Causeway, NextShares Solutions expects NextShares to be offered by a range of well-known asset managers and across fund asset classes.
The first NextShares funds offered by other managers began trading on the Nasdaq Stock Market earlier this year.
“Causeway is a trusted investment manager and we’re proud to begin partnering with them,” says Stephen W Clarke, president of NextShares Solutions. “We are excited to work closely together to introduce new investors to the potential benefits available through NextShares.”
