1st Gencap Active ETF To Focus On Mongolia: "Gencap, the firm behind the FactorShares ETFs that brings funds to market on behalf of third-party clients, updated its regulatory paperwork seeking permission to offer active funds. It still hopes a Mongolia-focused equity fund will be the first ETF launched once it obtains approval.
FactorShares was purchased by Gencap, a firm headed by former MacroMarkets Chief Executive Sam Masucci, and involving a number of ETF industry veterans.
Gencap helps clients bring passive funds to market under the Securities Act of 1933 and the Investment Company Act of 1940, and hopes to market actively ‘40 Act ETFs too. Gencap has indicated it might even help clients launch ETNs. Gencap planned from the first to use the permission that FactorShares already had to market’33 Act funds as well as passively managed ’40 Act funds."
'via Blog this'
