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No Nontransparent Active ETFs for Now

October 23, 2014 by Brendan Mullooly, CFP®

Not too long ago, Tom and I did a podcast about nontransparent active ETFs. If you missed it, check it out here: https://mullooly.net/nontransparent-active-etfs/7641. Our main question about these potential investments was primarily focused on who they would benefit and how.

Yesterday reports surfaced that the SEC shot down BlackRock’s proposal to launch nontransparent active ETFs. Apparently our concerns over who would benefit from these products wasn’t misplaced. An article from The Wall Street Journal quoted Todd Rosenbluth, director of ETF and mutual-fund research at S&P Capital IQ saying:

“It doesn’t shut the door completely, but it came across very clearly that the lack of transparency was going to cause undue risk for investors that the SEC was uncomfortable with. The message that seems to be coming from the SEC is that lack of intraday clarity is not in the public interest.”

At this point, it seems like the SEC is concerned about the possible risks of these investments outweighing the advantages. The key to my previous sentence is “at this point”. Things can change, but for the time being we won’t be seeing an nontransparent active ETFs.

Source:

http://online.wsj.com/articles/sec-set-to-deny-proposal-for-nontransparent-etfs-1414002288

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Filed Under: News Tagged With: ETF's

About Brendan Mullooly, CFP®

Brendan Mullooly is a CERTIFIED FINANCIAL PLANNER™professional with Mullooly Asset Management, Inc.

1971 State Route 34, Suite 102
Wall Township, NJ 07719

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The information on this website and blog do not involve the rendering of personalized investment advice. A professional advisor should be consulted before implementing any of the options presented. None of the content contained in this website should be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation.

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