One legal expert says mutual fund sponsors are afraid they’ll lose assets in an ETF conversion. But the secret to an alternative may lie in a Vanguard patent that expires in 2022.
J.P. Morgan follows in the footsteps of Guinness Atkinson and Dimensional Fund Advisors with its plan to convert four equity mutual funds into similar active transparent ETFs next year.
In this week’s fund news, Morningstar points to lax risk controls and personnel issues at Ark, CFRA acquires technical research shop Lowry, and Goldman will soon bring cryptos to private wealth clients.
GameStop has soared during January but is under owned by ETFs given its more than $20 billion market capitalization. Just 63 funds own a position in the company.
You are subscribed to this newsletter as newsletter@newslettercollector.com
To ensure uninterrupted delivery of this critical eNewsletter alert be sure to add Wealthmanagement.com and the reply address informa_wre@inbound.bamboocricket.com to your list of safe sender contacts.
.png){kind=small}
.png){kind=small}
