Eaton Vance CEO questions future of firm’s groundbreaking fund

Eaton Vance Corp.’s NextShares funds, a first-of-their-kind hybrid of actively and passively managed products, have generated minimal pickup from financial advisers so far, throwing the funds’ future into doubt, CEO Thomas Faust said this week.

In the lead-up to NextShares’ 2016 debut, Boston-based Eaton Vance (NYSE: EV) hailed the funds as a potential game-changer for the investment industry. Like active funds, NextShares products are managed by an investment professional, but like passive…

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