SEC denies active ETF proposal as NextShares launches salvo against competitors
Eaton Vance looks to win the "VHS/Betamax war" for the future of actively managed investments.
Regulators have denied for a second time a proposal for a first-of-its-kind actively managed ETF that would not have to disclose its underlying holdings, according to a letter from regulators made public on Monday.
In a letter dated April 17, the Securities and Exchange Commission said the proposal,
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