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Nyse Euronext Wants 'nontransparent' Etfs To List

She was on the team that developed the SPDR S&P 500 ETF, the first exchange-traded fund, which launched in 1993. Proponents of the change argue that nontransparent ETFs would allow managers engaged in actively picking stocks and other securities to compete much more effectively with traditional mutual funds. To date, the ETF industry is overwhelmingly focused on passive investing that follows an index. Funds not linked to a benchmark represented 0.01% of the http://www.dailystrength.org/people/3007348/journal/8907139 nearly $1.2 trillion in U.S.-listed stock ETF assets through last week, according to fund researcher Lipper. By contrast, some 76% of stock mutual fund assets are actively managed. The NYSE's request comes a day after Precidian Investments, of Bedminster, N.J., filed the first proposed prospectus detailing how such ETFs might work. The document lays out guidelines for three proposed U.S. stock portfolios--one covering large caps, another investing in domestic mid caps and the last taking a view site... multi-cap approach.
More: http://www.marketwatch.com/story/nyse-euronext-wants-nontransparent-etfs-to-list-2014-01-23

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