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Screenshot of a breaking news alert e-mail from Q2 2017
Online trading services provider Interactive Brokers Group, Inc. (NASDAQ:IBKR) today unveiled plans to add NextShares exchange-traded managed funds to its offering to retail investors and financial professionals through its investing and trading platforms.
NextShares are a new way to invest in actively managed strategies. Since they are actively managed, NextShares offer the potential for benchmark-beating returns by applying their manager’s proprietary investment research. As they trade on an exchange, NextShares may also offer cost and tax efficiencies that can enhance shareholder returns.
NextShares are developed by NextShares Solutions LLC, an affiliate of Eaton Vance Corp. (Eaton Vance), and are expected to be offered by a range of asset managers and across fund asset classes. The first NextShares funds began trading on the Nasdaq Stock Market LLC earlier in 2016.
Thomas Peterffy, Chairman, Founder and Chief Executive Officer, Interactive Brokers Group, Inc., says,
“Offering high-quality services at a lower cost and providing our customers with compelling investment opportunities are integral features of our vision. NextShares support this vision and can help investors meet their long-term investment goals.”
Stephen W. Clarke, President of NextShares Solutions, says,
“The potential performance and tax advantages of NextShares and the advanced trading technology and customer focus of Interactive Brokers are a powerful combination. NextShares on the Interactive Brokers platform should be a highly competitive alternative to mutual funds offered on fund supermarkets. We are proud to work together to provide greater access to NextShares.”
Eaton Vance launched an initial three NextShares funds in the first quarter of 2016 and expects to add more funds later this year. Ivy Investments (Ivy) has announced plans to launch its first three NextShares funds by late summer.
You can view the full announcement from Interactive Brokers by clicking here.