Graphs

John Hancock to use derivatives in first actively-managed ETF

Fri, 25/01/2013 - 12:35

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.


Subscribe to free daily newsletter
latestjobs
Quantitative Trading Strategist | Front Office

Sat, 20 Dec 2014 00:00:00 GMT

Entry Level Financial Software Developer

Sat, 20 Dec 2014 00:00:00 GMT

C#.NET Developer – Quantitative Risk, Fixed Income

Sat, 20 Dec 2014 00:00:00 GMT

events
3 weeks 1 day from now - New Orleans
4 weeks 3 days from now - Boston
4 weeks 3 days from now - New York
5 weeks 59 min from now - New York
specialreports