Institute Comments on Issues Raised by Actively Managed ETFsWashington, DC, January 15, 2002 - The Institute recently submitted a comment letter to the Securities and Exchange Commission in response to a concept release seeking comment on various issues relating to actively managed exchange-traded funds (ETFs). The Institute's letter identifies three areas in which actively managed ETFs may raise investment protection concerns not present with existing ETFs: - portfolio holdings disclosure,
- adding an actively managed ETF class to a traditional mutual fund, and
- potential additional conflicts of interest for the ETF's adviser.
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