SEC nears approval of ETF share classes for mutual funds as 65-70 firms with trillions in assets prepare to launch

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SEC is close to approval of ETF participation chapters for joint investment funds, indicating a major shift in the industry.
65-70 joint investment fund companies, which run trillions of assets, are preparing to launch ETF versions of their products.

The Securities and Stock Exchange Committee is approaching the approval of the ETF shares for joint investment funds, with 65-70 companies that carry the assets that are preparing to launch such products.

SEC is located in “The One Yard Line” with regard to the approval of the ETF sharing categories for joint investment funds, according to Katillin Potok, Assistant Director of the Agency’s Investment Department. Comments were presented at the Institute of Investment Institute event in Nashville.

The possible approval of the joint investment fund companies will allow the submission of releases of the exchange of funds on the stock market for the current joint investment funds strategies, which provides investors with the flexibility of trading in the investment funds circulating while maintaining the basic investment approach to traditional investment funds.