Actively managed ETFs require transparent portfolio-objective disclosures and pre-listing filing of draft offer documents before listing. Actively managed exchange-traded funds permit the fund management entity to exercise discretion over portfolio composition in accordance with stated ... Summary
Actively managed ETFs require transparent portfolio-objective disclosures and pre-listing filing of draft offer documents before listing.
Actively managed exchange-traded funds permit the fund management entity to exercise discretion over portfolio composition in accordance with stated investment objectives and policies. Offer documents and advertising material must disclose their actively managed status and explain how stated objectives, including intended index outperformance where applicable, will be met. Draft offer documents must be filed with the recognised stock exchange or exchanges proposed for listing and with the Authority.
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