iShares to launch active ETFs

iShares filed its initial application to launch active ETFs over two years ago, before revealing plans for an active fixed income fund and an active equity fund. The active fixed income offering will be an ETF of ETFs, investing 80% of its assets in fixed income ETFs recommended by BlackRock Fund Advisors (BFA) in order to provide a combination of income and capital growth. The proposed equity fund, which seeks long-term capital appreciation, will invest in large cap US stocks selected by BFA for their relative return potential. iShares suggests all constituent securities will be w...