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Top wealthmanagement.com News
SEC · United StatesThe SEC had some classy news to share yesterday. At long last, the agency is (almost certainly) approving dual share classes, which would give asset managers the ability to add ETF share classes of existing mutual funds and vice versa. Companies began seeking exemptions from the Securities and Exchange Commission two years ago, soon after Vanguard’s exclusive patent on dual share classes expired. Unless a hearing is requested, the first exemptio…See the Story
SEC Ready to Let Fund Shops Explore Their Dual Share-Class Natures
Coverage: 2 sources
SECOn your mark … get set … wait. The SEC’s pending approval of dual share classes may be the biggest story of the year for ETFs, but it may nonetheless be a while before ETF share classes of mutual funds, and vice versa, become available to investors. Following the regulator’s notice on Monday that it is set to greenlight Dimensional Fund Advisors’ request for dual share class exemptions, the company noted that it would launch share classes as soo…See the Story
Dual Share Classes Are Coming Soon. Now, What?
100% Center coverage: 1 sources
