February 01, 2008 at 1:00 pm by Tom Lydon
The Securities and Exchange Commission (SEC) is putting exchange traded funds (ETFs) on the front burner.
At a San Diego conference recently, says Joe Morris for Dow Jones Newswires, Andrew Donohue said that faster ETF approval and actively managed ETFs are top priorities. He has also mentioned rules changes that could prove to be beneficial to ETFs.
Donohue hopes the suggested changes will exempt sponsors of ETFs from having to get relief from parts of federal securities laws or rules before funds are offered. His plan for active ETFs would involve disclosing their portfolio holdings on a daily basis.
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