ETFs

A patented structure allows ETFs to report once a quarter in an effort to protect their intellectual property.

It's the latest move in the race to offer products at the lowest possible prices.

Among funds impacted so far, the Invesco China Technology ETF fell 2.8%, while the KraneShares CSI China Internet Fund lost 3.8%.

The regulator says it eliminated the need for providers to seek a special order from the agency before funds can be sold to investors.

Under the proposed structure, the funds will conceal a portion of their assets and instead publish a list of securities that’s highly correlated to the performance of the portfolio.

Cash flow has subsided and market conditions have changed since the fund was closed to most new accounts in 2016.

The five-month-old fund from Tabula Investment Management just became one of the largest of its kind after taking in $68 million last week.

The indexing giant’s pilot Digital Advisor will be priced at 15 basis points, but allocate client assets almost entirely in proprietary funds.

The strategies will invest in corporate bonds and large companies that issue high dividends, or have a growth or value tilt, documents show.

To attract clients, digital-first advice firms are borrowing tactics from incumbents and putting a spin on traditional industry offerings.