MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, December 8, 2011 The SEC Balks at Blessing Complex ETFs Fund firms looking to get into the ETF business, specifically actively managed ETFs, take heed: The Securities and Exchange Commission is taking a deliberate approach to allowing more innovation in ETFs as complaints about the funds' impact on markets mount, Reuters reports. The SEC isn't in a big rush to move on the ETFs because of complaints that some ETFs may be increasing market volatility or creating new, unforeseen risks for investors. The pub, citing attorneys working with ETF sponsors, paints a bleak landscape for shops such as BlackRock [see profile] and the Vanguard Group [see profile] that are looking to further push the boundaries of the ETF space. "I'm pessimistic about what the future holds in terms of expansion of the market for innovative products," Stuart Strauss, a partner at Dechert LLP, said at the Super Bowl of Indexing conference in Phoenix. Printed from: MFWire.com/story.asp?s=38522 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |