The bigwigs at OppenheimerFunds
are reportedly mulling over the idea of turning an existing mutual fund into an active ETF.
"We have spent a lot of time discussing the actively managed ETF space," InvestmentNews quotes
OppenheimerFunds CEO Bill Glavin
as saying at the MMI Fall Solutions Conference
at the Marriott Marquis in New York last Friday.
The path OppFunds is contemplating is already being pursued by Huntington Asset Advisors
, who, as InvestmentNews
notes, filed papers with the SEC
this summer to transform existing mutual funds into active ETFs.
Armie Margaret Lee
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