10 Things

10 Things...to ask about open-end fund-to-ETF conversion

By FBV Staff

Toward the end of 2020, a handful of mutual fund companies revealed plans to convert existing open-end mutual funds into exchange-traded funds. The conversion process involves operational, business, and compliance issues that must be considered by the adviser and the fund board, and it's important for all the players involved ... >> CONTINUE READING <<<

10 Things...that captured directors' attention in 2020

By FBV Staff

This long, difficult year is nearly over but before we close the book on 2020, we thought we'd take some time to look back at the past 12 months and the issues that mutual fund directors and fund governance professionals have most closely followed. Clearly, the biggest story of the ... >> CONTINUE READING <<<

10 Things...on fund boards' 2021 agendas

By FBV Staff

For mutual fund boards, 2020 has been a year of learning, changing, and adapting—and 2021 is likely to be a continuation of that, at least through the first half of the year. And although it's difficult to plan when things remain so uncertain, planning must be done and everyday tasks ... >> CONTINUE READING <<<

10 Things...to focus on in new fund of funds rule

By FBV Staff

The Securities and Exchange Commission recently adopted a new rule governing fund-of-funds arrangements. Rule 12d1-4 allows registered investment companies and business development companies to acquire shares of any other investment company or BDC in excess of the limitations currently imposed under the Investment Company Act of 1940 without obtaining individual ... >> CONTINUE READING <<<

10 Things...Boards are contemplating as Election Day approaches

By FBV Staff

With the election less than two weeks away, the race between President Donald Trump and former Vice President Joe Biden remains heated and fairly tight. There is a lot of uncertainty about who will win the presidency, whether the race will be called on election night (and what happens if ... >> CONTINUE READING <<<

10 Things...Boards consider when setting director comp

By FBV Staff

When mutual fund boards determine how much each independent director will be compensated for the work they do, there are a number of factors that are taken into consideration. And while the actual amounts vary widely from one board to another, there is a commonality among boards to the process ... >> CONTINUE READING <<<