SEC Rejects ETF As IIV No Substitute For Transparency
As companies get more and more inventive with their actively managed ETFs, it was only a matter of time before someone tried to complete the circle and create an ETF-mutual fund hybrid, fortunately, the Securities and Exchange Commission has turned them down. Precidian ETFs Trust applied to create a new line of ETFs that would only disclose positions at the end of the quarter, just as mutual funds do, but would provide . . .
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