BlackRock Files to License Active Non-Transparent ETF Structure
- Asset manager has filed to license Precidian structure
- Firm also plans to launch three transparent active funds
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BlackRock Inc. is moving ahead with plans to launch a new kind of exchange-traded fund that doesn’t report its holding on a daily basis.
The world’s largest asset manager filed to license the structure of Precidian Investments’ ActiveShares product, which requires funds to publish an indicative value of the holdings every second. The model also uses an agency broker to confidentially buy and sell securities to help money flow into or out of the fund.