Three fund shops have disclosed plans to convert mutual funds to ETFs, and more are likely coming down the pike. Funds planning to make such a transition must make sure their compliance and operations teams are ready, lawyers say. Foreside client Guinness Atkinson, is expecting to convert two mutual funds to ETFs by year-end, with a third coming soon as Smart ETFs.
Foreside’s Jennifer Hoopes, Senior Managing Director and General Counsel, shared with Ignites’ David Isenberg that “Before remaking a mutual fund as an ETF, compliance teams must make sure they understand the differences between the two vehicles.”
Click here to read more about who is looking to get in the game and what hurdles they have faced along the way.