NextShares Targets Lower Fund Fees

Julie Cooling from RIA Channel, interviews Jonathan Isaac, Managing Director of Product Strategy at NextShares. Cooling and Isaac discuss the launch of one of the most innovative financial platforms of our time. NextShares combines features of open-ended mutual funds and exchange-traded funds. Active fund managers maintain holding confidentiality, while investors benefit from lower cost exchange-traded shares. Investors save money as compared to mutual funds in three ways: low transfer agency fees; lower cash drag; and lower flow-related trading costs utilizing the create and redeem mechanism.