Non-Transparent Exchange Traded Products A Revolution 25 Years in the Making

In 1993, State Street launched the first Exchange Traded Fund (“ETF”) with the SPDR S&P 500 ETF (SPY), a fully transparent, passively managed fund. Twenty-five years later, six companies have sparked a revolution to revitalize the industry with a non-transparent, actively managed model that seeks to bridge the gap between mutual funds and ETFs. This ALPS whitepaper explores these structures and how they differ from one another.





Subscribe for more info
Want to stay up to date? Subscribe to our communications to access the latest content.

Subscribe




For More Information