April 12, 2015

NextShares are not the same as ETFs; they are hybrid vehicles that combine elements of traditional mutual funds with certain features of passively managed ETFs. In other words, NextShares are a compromise, but one that stands a good chance of success.

This Financial Times article (written with Bob Pozen) assesses the pros and cons of this new structure.

Read the complete article (requires registration) . . .

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