Key takeout
- The SEC is approaching approval of mutual fund ETF equity classes, indicating potential major industry changes.
- The 65-70 mutual fund company manages trillions of assets and is preparing to launch ETF stock class versions of its products.
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The Securities and Exchange Commission is approaching approval for mutual fund ETF stock class, with 65-70 companies holding assets ready to launch such products.
According to Katilyn Bottock, assistant director of investment management at the agency, the SEC is on The One Yardline for approval of mutual fund ETF stock classes. She commented at a Nashville Investment Company Research Institute event.
Potential approval allows mutual fund companies to offer exchange-trading fund versions of their existing mutual fund strategies, providing investors with ETF trading flexibility while maintaining the underlying investment approach of traditional mutual funds.
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