Firm Nixes Plan to Convert Mutual Fund to Active ETF
Posted on June 22, 2012 at 10:58 AM EDT
An asset manager that has been trying to get permission from regulators to convert an existing mutual fund into an active ETF has reportedly thrown in the towel on the plan. In June 2010, Huntington Asset Advisors filed to launch an actively managed ETF that would be a clone of the $41 million...