Reported 3 days ago
As the SEC's approval for dual share classes remains pending, many asset managers are taking proactive steps by converting mutual funds to ETFs. Notable conversions include Akre Capital Management's $12 billion Akre Focus Fund and JPMorgan's $1.2 billion Unconstrained Debt Fund. These transitions promise greater tax efficiency, transparency, and lower fees for shareholders, highlighting a strategic shift in the investment landscape as firms adapt to changing market conditions.
Source: YAHOO