Firms that shunned ETFs are embracing a new kind of fund, which could help them stem the hundreds of billions they're losing each year

5:00am PDT - June 15th, 2019    jpmorgan - Business Insider

In May, the SEC gave the green light to a new kind of exchange-traded fund. Unlike traditional ETFs, the so-called "non-transparent active ETF" is managed much like a mutual fund instead of being tied to an index like the S&P 500, and the portfolio manager do…