United States:
Goldman Sachs, Others Seek ETF Flexibility To Compete With Blackrock, Other Pioneers
19 October 2017
Kramer Levin Naftalis & Frankel LLP
To print this article, all you need is to be registered or login on Mondaq.com.
Goldman Sachs, Pimco, OppenheimerFunds and Nuveen Fund Advisors
are pushing for equal rights when it comes to running index funds
tied to the global bond market. The firms are asking the SEC for
more flexibility in constructing ETFs that track indexes. Since
bonds are more difficult to locate and trade than stocks, money
managers are asking the SEC to relax constraints it imposed on
index-based ETFs as they became the fastest-growing vehicle for
investing in equities. Approval from the SEC would put the
aforementioned firms on the same footing as the three ETF pioneers
- BlackRock's iShares unit, Vanguard and State Street.
Link To Article
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Finance and Banking from United States
Kirschner: The Final Act?
Mayer Brown
On August 24, 2023, the US Court of Appeals for the Second Circuit issued its decision in the Kirschner v. JPMorgan litigation saga, rejecting the plaintiff's...
Private Credit And Traditional Banks Forge A New Path
Dechert
As direct lending becomes a more popular financing option for middle-market and large U.S. companies, banks are increasingly seeking new ways to leverage their existing customer networks to participate in the direct lending market.