FYI: Invesco Ltd. wants to start a new type of exchange-traded fund that conceals its portfolio.
The actively-managed ETFs would rely on Invesco’s own proprietary design, according to regulatory filings from the $1.2 trillion money manager. Unlike conventional ETFs, which mostly track an index and publish a full list of assets every day, these funds would keep some of their holdings hidden to protect their strategies from copycats.
Regards,
Ted
https://www.fa-mag.com/news/invesco-seeks-sec-nod-for-etf-designed-to-thwart-copycats-51863.html?print
