The Securities and Exchange Commission delivered a win to the $2 trillion exchange-traded-fund industry Thursday night, approving a new type of fund structure that doesn't have to disclose its holdings.

In a filing, the SEC said Boston-based Eaton Vance  can launch a so-called nontransparent ETF that will trade on an exchange but doesn't have to disclose its holdings and doesn't follow an index like a typical fund. Eaton Vance has plans to launch 18 such funds over the coming months, the first fund company to do so, according to the company.

SEC lets Eaton Vance offer new kind of ETF

Under the approved plan, funds won’t have to disclose holdings

Kirsten Grind, The Wall Street Journal

Eaton Vance

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