TY - JOUR T1 - Actively Managed Exchange-Traded Funds JF - ETFs and Indexing SP - 66 LP - 73 VL - 2005 IS - 1 A2 - , Y1 - 2005/09/21 UR - http://guides.pm-research.com/content/2005/1/66.abstract N2 - There has been a great deal of discussion of actively managed exchange-traded funds at conferences and in the press. However, there has been little evidence of progress in dealing with the operating and regulatory issues active management of ETFs presents. In August 2005, Managed ETFs™ LLC filed an application for exemptive relief to offer a comprehensive range of actively managed ETFs. To our knowledge, this is the first such application. We have excerpted some of the distinctive features of this application that might be of interest to our readers. The sometimes formal language of this legal document and its capitalization and punctuation have not been altered. We have added a few appropriate headings to highlight specific topics. Information on how to obtain copies of SEC exemptive application filings is available on the SEC website, http:// www.sec.gov/edgar/searchedgar/webusers.htm. ER -