SEC Approves New ‘Controversial’ ETF From Eaton Vance Corp

Investors now have another option when they are shopping for ETFs, but will it serve in their best interest?  Yesterday, the Securities and Exchange Commission gave the green light on Eaton Vance Corp (NYSE:EV)’s new ETF product that would allow the company to not have to disclose its holdings to investors.  The so-called nontransparent ETF will act and trade just like a normal ETF product, but with the added feature of not having to disclose stock holdings.  Eaton Vance is the first fund company to have these types of funds approved by regulators, and they announced that there will be…