The Cboe BZX Exchange, Inc. has proposed a rule change to allow the Invesco Focused Discovery Growth ETF and the Invesco Select Growth ETF to publish multiple intra-day and end-of-day net asset values (NAVs). This change aims to provide more information about the funds' holdings, helping investors assess risk and getting closer estimates of a fund's value. The proposal is intended to improve the efficiency of the market by reducing risks for market participants and encouraging tighter spreads and better liquidity. The Securities and Exchange Commission (SEC) is seeking public comments on this proposed rule change.
Simple Explanation
Imagine two special piggy banks called the Invesco Focused Discovery Growth ETF and the Invesco Select Growth ETF. These piggy banks want to show how much money is in them several times a day, like counting their money and showing it during the day and at the end of the day. This might help some people make better decisions when buying or selling pieces of the piggy banks, but it could be a bit tricky for others to understand and might cause some confusion.