Any minute now, Precidian Investments, probably through the medium of American Century Investments, one of their licensees, (see interview here) will be announcing the launch of the first of the much-lauded non or semi-transparent ETFs.
It’s been a long-awaited outcome, achieved over many regulatory hurdles for Precidian Investments and its CEO, Dan McCabe. Since getting their exemptive order for the ActiveShares’ structure initial approval in April 2019, the firm has collaborated with its 14 active manager licensees with USD14 trillion in assets under management, drawn from the ranks of some of the biggest fund management groups in the world, including BlackRock, JP Morgan and Goldman Sachs.
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