In Fund Action Investment Management Counsel Discusses Non-Transparent ETFs

In The News
June 21, 2018
Attorneys:

A June 20 article published by Fund Action titled American Century readies non-transparent active growth ETF discusses the SEC’s disposition to non-transparent and semi-transparent products in light of regulatory approval being sought by American Century Investments non-transparent active ETF.

“The SEC seems to be more amenable to exploring non-transparent and semi-transparent products,” said investment management counsel Ed Baer in the piece. “Funds have also improved on the structures,” Mr. Baer added, “If you look at the applications from filing to filing, they’re becoming more consistent in requiring funds to provide enough information to enable [authorized participants] and market makers to create an effective hedge.”