SEC Approves new ETF/Mutual Fund Hybrid

[CorpRaider]

Hi all,

 

Apologies if you already saw this but it looks like the SEC is going to approve an eaton vance version of an exchange traded mutual fund.  Sounds like they will still trade at the end of day NAV, but will allow in kind baskets and for the MF to combine all of the classes and otherwise lower costs and tax efficiency as provided by ETFs.  They're going to call them Exhange Traded Managed Funds.  I think bloomberg had a better story than the link on Friday, but this will get you started if you're interested:

 

http://finance.yahoo.com/news/sec-approves-nasdaq-list-eaton-123032696.html