Top of the Agenda - Governance

Morgan Stanley Funds board to oversee new ETFs
By Hillary Jackson
Morgan Stanley is planning to enter the exchange-traded funds market for the first time with four ESG-focused index ETFs. The adviser's existing funds board will oversee the Calvert International Responsible Index ETF, Calvert U.S. Large-Cap Core Responsible Index ETF, Calvert U.S. Large-Cap Diversity, Equity and Inclusion Index ETF, and Calvert ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Regulatory

Fund industry pushes back on ESG disclosure, names rule proposals
By Hillary Jackson
The mutual fund industry is pushing back against two recent rule proposals from the Securities and Exchange Commission regarding disclosures around environmental, social, and governance investing and fund names. Investment Company Institute, Independent Directors Council, and Mutual Fund Directors Forum all submitted comment letters this week urging the SEC to ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Succession

SPDR shareholders to vote on independent, interested nominees
By Hillary Jackson
Two new independent directors have been nominated to the SPDR Funds board following the death of Chair Frank Nesvet and planned departure of a long-serving director, both in the spring of 2021. Shareholders will vote on the two nominees—along with a new interested director and two independents who have been ...  >> CONTINUE READING <<<

 

 

10 Things

10 Things...to know about the adviser's strategy
By FBV Staff
While mutual fund boards do not oversee the advisers of the funds under their purview, boards do work closely with advisers. Therefore, it's important for the board to understand the adviser's strategy, since the way the adviser approaches the market—and the resource levels it commits to specific initiatives—affects the funds ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Regulatory

SEC to advisers: Turn over 15(c) documents, info
By Hillary Jackson
The Securities and Exchange Commission has begun requesting documentation and information from mutual fund advisers about their funds' 15(c) processes and fees. The Division of Enforcement is issuing the requests, and while it's not exactly clear what prompted the effort, many are pointing to remarks Investment Management Division Director William ...  >> CONTINUE READING <<<

 

 


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Most Read

Top of the Agenda - Regulatory
SEC to advisers: Turn over 15(c) documents, info

The Securities and Exchange Commission has begun requesting documentation and information from mutual fund advisers about their funds' 15(c) processes and fees. The Division of Enforcement ...
Top of the Agenda - Governance
Q&A: Converting open-end funds to ETFs

Guinness Atkinson Funds made history last year when it completed the industry’s first conversions from open-end mutual fund to exchange-traded fund. Since then, a number of ...