Precidian Moves Closer to Starting a Non-Transparent ETF
- Company seeking to register eight new funds with the regulator
- An actively-managed product in an exchange-traded wrapper
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In the fight for assets, active managers are firing back at their passive rivals.
Precidian Investments has unveiled a new suite of strategies it’s looking to register as it seeks approval for an innovative type of actively managed product that’s packaged as an exchange-traded fund. The investment manager has filed an initial registration statement for eight funds, sub-advised by two affiliates of Legg Mason Inc., U.S. Securities and Exchange Commission records show.