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Eaton Vance Comes To Market With New Type Of Low-Fee Fund
FYI: (This is a follow-up article) A new type of investment fund starts trading on Wall Street on Friday amid hope from backers that it could become big enough to supplant traditional mutual funds.
The Eaton Vance Stock NextShares is the first so-called actively managed nontransparent exchange-traded fund. That is a mouthful but describes a mash-up of a mutual fund - with a manager buying and selling stocks and bonds in hopes of beating the market - and an ETF built to shave trading costs and taxes. Regards, Ted http://www.reuters.com/article/investment-funds-nextshares-idUSL2N161223