Hotshot active fund managers will soon have a way to play the ETF game

Key Points
ActiveShares, a product built by financial innovation firm Precidian Investments, received an SEC nod that its so-called nontransparent ETFs should be approved.A marked break from the norm, nontransparent ETFs would mask the underlying securities, a key hang-up that's kept active managers from using the funds.ActiveShares could represent a big opportunity for a generation of active managers who have seen their assets evaporate.
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