It's the hottest club, so exclusive no one can seem to get in. Asset managers of all stripes are lining up to offer actively managed exchange-traded funds—so long as they can do it on their terms.
On the surface, active ETFs are exactly what their name implies: ETFs with all the transparency and trading advantages they're known for, but instead of hewing to an index or adhering to a rules-based approach, they're run by managers deciding what and when to buy and sell...............................................Full Article: Source
|