Precidian Investments has just received approval on its filing for non-transparent actively managed ETFs. The firm writes that its ActiveShares structure is an enhanced version of an ETF with a blind trust and supporting processes.While an ActiveShares portfolio is not transparent to investors, each fund will publish a verified intraday indicative value every second, as opposed to ETFs which currently quote net asset values to the marketplace every 15 seconds.The ActiveShares funds will have AP representatives, known as trusted agents, that will provide data on portfolio holdings and use confidential accounts to do the creations and redemptions for the authorised participants.“These features will result in a seamless addition to the ETF landscape providing significant benefits to investors in reduced fees and tax advantages,” says Precidian CEO Daniel McCabe, adding, “For this reason, the support of large, established broker-dealers has already materialised and will continue to grow.”To continue reading, please register here for free
Already registered ? – Sign in here
newETFs.io respects the hard work of others and gives all credit to the remarkable folks at ETFexpress.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.