Transparent Value Advisors is seeking authorization to market actively managed exchange-traded funds (ETFs) that will be focused on large-cap U.S. equities for the most part, Index Universe reports. The application for “exemptive relief” to the Securities and Exchange Commission, made with Alps Distributors, envisages a minimum of seven funds.
Transparent Value has entered into a deal with Dow Jones Indexes for using the security-picking methodology of the Dow Jones RBP indexes for the initial seven ETFs. The proposed ETFs include the Transparent Value Dow Jones RBP U.S. Large-Cap Aggressive Index ETF and the Transparent Value Dow Jones RBP U.S. Large-Cap Core Index ETF.
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