The actively managed fund targets the financial services sector and relies on Precidian’s ActiveShares model with regard to disclosing its portfolio.
The actively managed fund targets the financial services sector and relies on Precidian’s ActiveShares model with regard to disclosing its portfolio.
The active manager is set to bring $7.8 billion worth of assets into the ETF wrapper.
Plus, a range of completed closures, expense ratio changes and share splits.
It’s the second conversion in a quartet of mutual funds changing wrappers.
U.S.-listed equivalent 'SIL' has $1 billion in assets under management.
Closures of exchange-traded funds are outpacing last year's, too.
The bank is replicating its popular 'JEPI' fund to track the tech-heavy index.
‘STGF’ will hold other ETFs to try and benefit from long-term slow growth.