Asset management partner Tom Hiller was quoted in Chief Investment Officer in an article discussing the SEC’s recent approval of dual share class fund structures, which allows mutual funds and ETFs to coexist within the same vehicle.
Tom commented on how the new framework could help bridge the cost gap between products while raising new compliance considerations for distributors. He also noted that not all strategies are suited for ETF share classes, particularly those with limited market depth or proprietary holdings.
The article highlights the significance of the SEC’s decision as a milestone for the asset management industry, offering new opportunities for firms to retain assets and improve tax outcomes.
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