June 05, 2008 at 1:00 am by Tom Lydon
The Investment Company Institute (ICI) has announced its support for a proposal to ease the way for new exchange traded fund (ETF) launches.
The new proposals would allow certain ETFs to launch without having to obtain exemptive relief from the Securities and Exchange Commission (SEC), which is often a time-consuming process, reports Colleen O’Connor-Grant for Financial Planning.
If the rules changes go into effect, they would not only apply to traditional index-based ETFs, but also actively managed funds.
The new rules could clear the way for more ETFs to hit the marketplace.
