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An Industry First: Two Mutual Funds Will Become ETFs This March

March 9, 2021

An industry first is looming. Mutual fund issuer and Foreside client, Guinness Atkinson is slated to convert two of its mutual funds to exchange-traded funds on March 26, 2021.

Jennifer Hoopes, senior managing director and general counsel at Foreside, explained that before turning a mutual fund into an ETF, compliance teams need to make sure they understand the differences between the two vehicles. The ETF infrastructure might not even exist in some cases, but before a company launches any such products, they should understand the operational process, according to a 2019 analysis by Ropes & Gray.

Click here to read the full story in ETF Trends.