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Rating:Will OppenheimerFunds Follow in Huntington's Footsteps? Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, November 16, 2010

Will OppenheimerFunds Follow in Huntington's Footsteps?

News summary by MFWire's editors

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. 

Edited by: Armie Margaret Lee


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