Capital Research and Management adopts Precidian Investments’ ActiveShares structure
Capital Research and Management Company has licensed Precidian Investments’ patented intellectual property for actively-managed, periodically-disclosed exchange-traded funds (ETFs).
Precidian's chief executive Daniel McCabe says: “We are thrilled to add Capital to the growing list of industry pioneers who have licensed the new standard for actively-managed, periodically-disclosed ETFs."
Capital Research and Management Company joins Blackrock, State Street Global Advisors, Invesco PowerShares and Precidian Investments in seeking approval from the SEC to launch actively-managed, periodically-disclosed ETFs using Precidian's intellectual property.
Precidian's ActiveShares structure combines the most beneficial aspects and protections of the traditional mutual fund with the efficiencies and flexibilities of an ETF. The patented ETF structure provides asset managers with the ability to generate alpha without daily disclosure of their proprietary strategies while simultaneously creating significant improvements in tax efficiency, manager flexibility and lower operating costs.
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