ETFs

Columbia Management seeks permission to launch NextShares, index ETFs

Eaton Vance says it plans to launch exchange-traded managed funds later this year

Columbia Management Investment Advisers, a Boston subsidiary of Ameriprise Financial, is seeking permission from regulators to launch a version of exchange-traded managed funds, a new breed of fund planned by Eaton Vance.

In Securities and Exchange Commission filings it made on September 28, Columbia Management, which does business as Columbia Threadneedle Investments, is also seeking permission from regulators to launch index-based exchange-traded funds, a product it doesn't currently offer.

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