Sign up for free newsletter

 

Graphs

John Hancock to use derivatives in first actively-managed ETF


Boston-based financial services firm John Hancock is to use derivatives in its first actively-managed exchange-traded fund, according to a regulatory filing made with the US Securities and Exchange Commission.

John Hancock, which is planning to bring both actively-managed and index-based ETFs to market, has submitted an updated exemptive relief filing to the SEC which again identifies the John Hancock Global Balanced ETF as its initial fund.

However, as a complement to the ETF’s previously announced overall investment strategy of investing in equity securities and/or fixed income securities, the updated filing states: “The fund may, to a limited extent, engage in derivatives transactions that include futures contracts, options and foreign currency forward contracts.”

The SEC recently reversed a rule preventing the use of derivatives in ETFs.

events
5 weeks 6 days from now - New York
6 weeks 19 hours from now - San Francisco
6 weeks 6 days from now - Los Angeles
6 weeks 6 days from now - Hong Kong
training
Wed, 21/09/2016   - London
Wed, 28/09/2016   - London
Thu, 29/09/2016   - London
specialreports
other gfm publications