The news of the SEC initiative to speed up the exchange traded fund approval process has many in the industry talking. Jen Ryan with TheStreet.com wanted to know what this means for the industry.
With all of the advantages of exchange traded funds, it makes sense to open the gates and speed up the ETF filing process, provided the funds meet proper criteria. There should be a few questions, but it shouldn’t take nine to 12 months. Although the current process can take long, it doesn’t seem to deter providers from filing. Look at all the ETFs that were launched just last week.
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