Nasdaq OMX Group has filed with the US SEC for a proposed rule change to permit the listing and trading of exchange-traded managed funds (ETMFs). The Nasdaq filing complements an application for exemptive relief to permit the offering of ETMFs as filed by Eaton Vance, creator of the ETMF structure. ETMFs are a proposed new type of open-end fund designed to bring the performance and tax advantages of exchange-traded funds (ETFs) to active investment strategies, while maintaining the confidentiality of current portfolio trading information.

Eaton Vance has filed a second amended application with the US Securities and Exchange Commission seeking exemptive relief to permit the offering of exchange-traded managed funds (ETMFs), a form of non-transparent actively managed exchange-traded fund (ETF). Eaton Vance is seeking to launch a family of ETMFs that mirror existing Eaton Vance mutual funds and to license the underlying technology to other fund groups through its affiliate Navigate Fund Solutions.