iShares has obtained Securities and Exchange Commission approval to market actively managed ETFs, Index Universe reports. The company has obtained exemptive relief, which will allow it to market ETFs focused on equities, fixed income, a blend of the two and even fund-of-funds exchange-traded securities.
Any actively managed funds launched by iShares will report creations and redemptions data and portfolio holdings daily, as compared to other actively managed mutual funds that do so with at least a three-month lag. iShares currently offers more than 200 passively-indexes ETFs, adds ETF Daily.
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