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Types of ETFs

What are Non-Transparent ETFs?

Non-transparent ETFs are a very new concept, introduced in the US in 2020.

ETFs have to disclose exactly what stocks they hold, and how much of each they own. This information helps you decide whether or not you want to buy it. However, active managers may not want to give away the secrets to their strategy, and so non-transparent or semi-transparent ETFs were introduced whereby the stocks they own are only shown partially, or on a delayed basis.

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So far there are only a handful of non-transparent ETFs and the documentation should be clear about this: “This ETF is different from traditional ETFs. Traditional ETFs tell the public what assets they hold each day. This ETF will not. This may create additional risks for your investment.”

This doesn’t mean that non-transparent ETFs are fundamentally better or worse than fully transparent ETFs, but it does mean that you have different information to use when you are deciding whether to invest.

Trackinsight

About Trackinsight

Since our founding in 2016, we have been at the forefront of the industry, delivering accessible, comprehensive, and reliable tools to support the evolving needs of investors.

Over the past decade, Trackinsight has expanded its operations across six countries, serving thousands of professional investors. We’ve consistently innovated to provide cutting-edge solutions that meet the changing demands of the ETF market.

In 2024, Kepler Cheuvreux, a leading independent European financial services firm, acquired a majority stake in Trackinsight, becoming the company's principal shareholder.

This strategic partnership solidifies Trackinsight's position as a premier provider of ETF selection and analysis tools, while strengthening Kepler Cheuvreux’s commitment to becoming a leading player in the ETF sector.

Together, we are committed to offering advanced services that empower professional investors, advisors, institutions, and issuers. This new step enables us to deliver even more comprehensive and innovative technological solutions, driving ETF investing to new heights.

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