FYI: The Securities and Exchange Commission (SEC) recently approved Eaton Vance’s request to launch actively managed exchange-traded managed funds (ETMFs), just weeks after rejecting alternate proposals for similar products. Law firm Morgan, Lewis & Bockius (“Morgan Lewis” for short) describes the new products as having “characteristics of both mutual funds and exchange-traded funds” in the firm’s November 12 investment management newsflash. ETMFs will trade intraday on an exchange, just like ETFs; but similar to mutual funds, they will not be required to provide daily transparency of investment holdings.
Regards,
Ted
http://dailyalts.com/morgan-lewis-explains-recently-approved-etmf-structure/
