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Eaton Vance Files To Enter ETF Market
March 08, 2010 5:08 pm
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Eaton Vance, a Boston-based firm known for its lineup of closed-end funds, filed with the Securities and Exchange Commission to lay the groundwork to launch five actively managed ETFs focusing on investment-grade The proposed funds are the Eaton Vance Enhanced Short Maturity ETF, the Eaton Vance Government Limited Maturity ETF, the Eaton Vance Intermediate Municipal Bond ETF, the Eaton Vance Prime Limited Maturity ETF and the Eaton Vance Short Term Municipal Bond ETF. The filing on March 5 didn’t name trading symbols for the funds or their annual management fees. All will invest in dollar-denominated securities. Baltimore-based Legg Mason made a similar filing two weeks ago seeking “exemptive relief” to launch a family of actively managed ETFs that would include domestic and/or global equities or debt. Assets in the entire U.S. ETF industry totaled $755.85 billion at the end of last month, compared with $456.31 billion a year earlier, according to data compiled by the National Stock Exchange. Most active ETFs have yet to show sizable asset inflows. Still, Legg Mason and other companies such as T. Rowe Price, Pimco, Goldman Sachs and Charles Schwab are entering or thinking about entering the actively managed ETF space. There are plenty of arguments why active ETFs have not caught on with investors, as you can read in Matt Hougan’s recent blog about the trend. Exemptive-relief filings grant exemptions to parts of the Investment Act of 1940, and represent the first hurdle fund companies must clear to issue ETFs. |
Inside ETFs: A Reality Check
The Inside ETFs conference last month was a great opportunity for an ETF analyst like me to escape my ivory tower.Summing Sector SPDRS = SPY?
You’d think owning the nine sector SPDRs in proportion to their weightings in the S&P 500 is a way to recreate SPY. But you’d be wrong.-
February 08, 2012
Round Two: Pimco Vs. BlackRock It looks like Pimco and BlackRock are at odds again—this time it’s over QE3. -
February 06, 2012
iShares Plans Multi-Asset Fund-Of-Funds ETF iShares puts a fund-of-funds ETF into registration that would own stocks, bonds, REITs and preferreds. -
February 01, 2012
Van Eck Plans Slew Of Corporate Bond ETFs Van Eck plans six corporate bond funds that aim to serve up extra yield in a yield-starved world. -
February 01, 2012
Deutsche Bank Wants To Market Active ETFs Deutsche files for permission to market active ETFs—first would be a bond fund. -
January 31, 2012
iShares Plans 2 Emerging Corporates ETFs iShares plans two emerging markets corporate bond funds, including one focused on junk.
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