| Transparency is often talked about as a hallmark of exchange-traded funds. Many investors are used to being able to look up the current holdings of their ETFs daily, generally on the fund firms’ websites.
And last week, the Securities and Exchange Commission said no dice to a proposal for actively managed ETFs that wouldn’t provide daily holdings disclosure. Without portfolio transparency or an adequate substitute, the SEC said, the funds can’t guarantee that shares will consistently trade at or close to the value of the underlying holdings...............................................Full Article: Source
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