The Securities and Exchange Commission (SEC) has just approved more nontransparent, actively managed exchange-traded funds (ETFs).

“The current percentage of ETF assets in active strategies has been growing—but is still only 2%,” says David Mann, head of global ETF capital markets at Franklin Templeton. “We are believers in the value of active management, so we are eager to see different styles and types of ETFs available in the marketplace and welcome this latest news. We will be watching if these new forms of ETFs help those percentages increase.”

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