Hidden-asset ETFs test appetite for active managers amid rout
A new type of exchange-traded fund is debuting after more than a decade of being touted by the industry as the next big thing, testing appetite for actively-managed funds in the midst of historic volatility.
By Claire Ballentine / BLOOMBERG
These so-called non-transparent ETFs allow issuers to hide holdings, easing the way for stock pickers to pursue their strategies without the fear of rivals copying their plans or frontrunning the trades.
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