Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Antiquated Rules Hinder ETF Revolution Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, July 05, 2012

Antiquated Rules Hinder ETF Revolution

News summary by MFWire's editors

The SEC's refusal of Hungtington's request to transform an existing mutual fund to an ETF shows that regulators should overhaul the Investment Act of 1940, writes MarketWatch columnist Chuck Jaffe.

He writes that the approval from the regulators could have made it easier for firms to convert funds and would have sent out a message of encouragement.

Jaffe further writes that it has become "almost universally accepted in the industry that the ETF structure is better for shareholders," even though mutual funds still run the show. He emphasized that both still fall under the "funds" category.

When the regulators nixed the request, they provided no guidance or explanation as to what the problems were.

Jaffe writes:
The antiquated way that ETFs get approved is holding back the evolutionary process. It's unclear whom that benefits, but it's distinctly not in the best interest of consumers, who are being held hostage in the ETF revolution because of the antiquated rules.
 

Edited by: HFD


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2018
40 Wall Street | 28th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use