is currently prepping an exchange-traded managed fund that is designed to be a hybrid active and passive one, Barron's reports
Specifically, the new product will reportedly "have the flexibility on a daily basis to report new holdings in
a way that would avoid front-running of portfolios," Stephen
of Navigate Fund Solutions
, an Eaton Vance subsidiary, told the pub.
But the PM stresses that the concept still is in development and that regulators haven't approved the company's plan.
Stay ahead of the news ... Sign up for our email alerts now