Active equity ETFs may be about to finally see the light of day. The WSJ
reports that PowerShares
got the preliminary go-ahead from the SEC
on Friday for its actively managed ETFs. Barclays Global Investors
and Bear Stearns
are also slated to receive letters of preliminary approval as soon as today, according to the pub. Still no word on what the expense ratio on these products may be; PowerShares did not specify one in its filing. The new developments could put PowerShares' products on the market in less than a month.
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