Cboe Global Markets seeks SEC approval to allow ETF share classes in existing mutual funds.
Cboe Global Markets seeks SEC approval to change rules, enabling issuers to add ETF share classes to existing mutual funds. If approved, this could increase the number of ETFs and assets, with Vanguard's patent expired, other firms like Dimensional Fund Advisors, Morgan Stanley, and Fidelity seeking approval. This move could provide a less costly alternative to converting or replicating existing mutual fund strategies.
April 04, 2024
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