UBS Financial Services intends to make NextShares, a new variety of investment funds, available to its adviser network starting next year.
The Swiss wirehouse announced on Wednesday that it signed a deal with NextShares’ parent company Eaton Vance to offer the new NextShares exchange-traded managed funds, which will be listed on Nasdaq. While they resemble traditional ETFs, these hybrid products will be priced like mutual funds, based on their net asset value.
Register or login for access to this item and much more
All On Wall Street content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access