ETFs with less transparency face slow rollout
Asset managers are rushing to launch a new breed of stock-picking exchange-traded fund, only to find that some of the biggest brokerages in the U.S. arent yet willing to pitch them to clients. Fidelity Investments, T. Rowe Price Group Inc. and Invesco Ltd. are among the firms that have recently introduced semitransparent active ETFs, which combine features of mutual funds and traditional ETFs. The funds, which currently focus on U.S. stocks, are cheaper alternatives to mutual funds and give por...
Source: foxbusiness.com