Fund managers pull nearly 130 single-stock ETF applications
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Three fund managers have withdrawn applications for almost 130 single-stock exchange traded funds prompting suggestions that US regulators had privately told them the ETFs would not be approved.
Kelly Intelligence, Roundhill Investments and Tema Global had filed with the Securities and Exchange Commission to create ETFs linked to the share price of a slate of non-US companies, such as Saudi Aramco, Volkswagen and Tencent.
This story originally appeared on: Financial Times - Author:Steve Johnson
