A new ETF share class would do away with the cumbersome path of converting mutual funds into ETFs, but experts say the SEC will take a cautious approach. “If they (Perpetual US Services) can get this approved, I think it’ll have a huge uptake by other asset management firms in terms of wanting to go this route instead of dealing with the hassle of conversion,” said Neil Bathon, founder and partner at FUSE Research Network.
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Article published on February 14, 2023