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Mutual fund conversions to ETFs pose challenge

December 23, 2020

 

 

Compliance and operations teams in fund houses that are planning to convert mutual funds to ETFs have lots to do to ensure their compliance and operations teams are ready, lawyers say.

Jennifer Hoopes, Senior Managing Director and General Counsel shares that “Those who work at shops that previously have only had mutual funds need to brush up on what authorized participants do, how the creation and redemption process works and how baskets are created.”

Click here to read the full article in Financial Times and learn more about what other hurdles asset management firms are facing when looking to convert a mutual fund to an exchange-traded fund.