Eaton Vance Is Latest Mutual Fund Firm To Give Actively Managed ETFs A Try
Mutual fund issuer and asset manager Eaton Vance (NYSE: EV) has become the latest player from the mutual fund business to signal its intent to become involved with actively managed after filing plans with the SEC to launch five actively managed ETFs focusing on the investment-grade U.S. debt market.
Boston-based Eaton Vance filed plans to introduce the Eaton Vance Enhanced Short Maturity ETF, the Eaton Vance Government Limited Maturity ETF, the Eaton Vance Intermediate Municipal Bond ETF, the Eaton Vance Prime Limited Maturity ETF and the Eaton Vance Short Term Municipal Bond ETF.
Expense ratios and tickers for the new ETFs were not disclosed in the filing.
Actively managed ETFs have yet to really catch on with investors, but that hasn't stopped firms like Pimco, T. Rowe Price (Nasdaq: TROW), Legg Mason (NYSE: LM), Goldman Sachs (NYSE: GS) and Charles Schwab (NYSE: SCHW) from targeting this market.
