US SEC readies relief for asset managers to add ETFs to mutual funds
The U.S. Securities and Exchange Commission on Monday paved the way for an asset manager to add exchange-traded share classes to mutual funds, a move expected to kick-start approvals for dozens of applicants, spark more ETFs and make the products more accessible to retail investors.
The U.S. Securities and Exchange Commission on Monday paved the way for an asset manager to add exchange-traded share classes to mutual funds, a move expected to kick-start approvals for dozens of applicants, spark more ETFs and make the products more accessible to retail investors.
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