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Giving actively managed ETFs a new twist

TAKING A NEW TACK: Fidelity's proposal is the latest by fund companies to get around an SEC requirement that ETFs disclose their holdings daily so that their shares can be priced efficiently by broker-dealers.


FIDELITY Investments is taking a new tack in an industry push for actively managed exchange-traded funds (ETFs). The firm's approach, outlined on Thursday in a filing with the US Securities and Exchange Commission (SEC), would be modelled on a closed-end fund, a type of fund...

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