iShares [profile] plan to launch nontransparent ETFs has caught the eye of one of Canada's largest newspapers. The Globe and Mail picked up on iShares' SEC filing from September, which seeks the regulator's nod to launch active ETFs that do not have to disclose their holdings on a daily basis.

The article notes that the daily disclosure rule has kept some firms from getting into the active ETF game.

"A lot of players are waiting on the sidelines to see how the disclosure issues works itself out," the pub quotes Morningstar ETF strategist John Gabriel as saying. "It would be a game changer for active equity ETFs if they could disclose like mutual funds [which reveal holdings quarterly in the United States]."

Citing Morningstar data, the paper reports that there are about 28 active ETFs in existence in the U.S.  

Edited by: HFD


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE