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.


Furtherreading
from our other sites
latestjobs
ETF Trader – Top U.S Bank – Greater NYC Area

Sat, 13 Feb 2016 00:00:00 GMT

Energy Trading Role – Global Trading Firm - Texas

Sat, 13 Feb 2016 00:00:00 GMT

Investment Banking Managing Director - TMT M&A

Sat, 13 Feb 2016 00:00:00 GMT

events
2 days 19 hours from now - Cairo
2 days 19 hours from now - Dubai
3 days 19 hours from now - New York
2 weeks 3 days from now - New York
specialreports
other gfm publications