Active managers resisted launching ETFs for years due to concerns that disclosing their holdings daily would reveal their trade secrets. So, the year after the Securities and Exchange Commission approved non-transparent funds, American Century Investments launched two active, semi-transparent ETFs: the American Century Focused Dynamic Growth ETF (FDG) and the American Century Focused Large Cap Value ETF (FLV). The funds, which were launched on March 31, 2020, were part of the first wave of active, non-transparent ETFs to reach the market.
newETFs.io respects the hard work of others and gives all credit to the remarkable folks at ETFdb.com. This excerpt/article was pulled from their RSS feed; click here to view the original. Please note that on occasion, the RSS feed will not have the author. When this happens this site defaults the author to "News". Make no mistake, this excerpt/article was not created by newETFs.io, it was simply shared with you.