Now Passive ETFs Converting To Active ETFs

Patricia Oey, at Morningstar, brought attention to a recent filing made by Claymore with the SEC on July 22nd. The filing contains the prospectus for two actively-managed ETFs which are going to come into being when two existing passive ETFs are converted into the new active ETFs. This will be a first in the industry but follows a theme which in recent months has seen several issuers propose the...