What are the key features of an Active ETF or Exchanged Quoted Managed Fund (EQMF)?

Active ETFs have continuous pricing, and are traded and settled like ordinary shares.

Active ETFs are an actively managed fund where the managers aim to outperform relevant benchmarks.

There is flexibility to be traded throughout the day.

It is a net asset value (NAV) based trading

Active ETFs are tax efficient, as the funds do not draw capital gains.