Client Alert

SEC Approves Actively Managed Exchange Traded Funds

March 06, 2008

The Investment Management Practice Group

The Securities and Exchange Commissions Division of Investment Management recently issued public notices indicating its imminent decision to grant several applications for exemptive relief for actively managed exchange traded funds. The granting of these applications, which is expected within the next 30 days, herald the SECs much anticipated approval of this new innovative variant of the ETF product.

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Investment Management

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