FYI: With its pitch to sell a new kind of exchange-traded fund held up by regulators, T. Rowe Price Group Inc may turn to traditional ETFs to get started in that market, a spokesman told Reuters.
The Baltimore fund company, which manages $766 billion in mutual funds and other investment products, is one of the top asset managers not to offer a lineup of ETFs, in part because traditional ETF structures require that stockpickers disclose their holdings daily.
Fund managers, who want to protect the privacy of their investment-choosing strategy, view the disclosures as a threat.
Regards,
Ted
http://www.reuters.com/article/t-rowe-price-grp-etf-idUSL2N16C22E
