Top of the Agenda - Governance

BNY Mellon assembles new ETF board
By Hillary Jackson
BNY Mellon has put together a new all-independent board to oversee the exchange-traded funds it plans to launch in the coming weeks. The eight broad-indexed equity and fixed-income ETFs are expected to start trading before the end of the first quarter, and a BNY Mellon spokesman told Fund Board Views ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Governance

Transparency, disclosure can ease board concerns over defining ESG

By Mike Schnitzel
Environmental, social and governance investments have garnered increasing interest over the past few years, from investors and advisers alike, as climate change increasingly comes into focus for governments and big business. One potential obstacle to ESG’s success, however, could be the fact that there doesn’t seem to be a standard ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Governance

Colorado firms to merge funds, eliminate one board
By Hillary Jackson
Colorado mutual fund firms Shelton Capital Management and ICON Advisers this week announced a restructuring deal that will involve ICON's 17 funds being transferred into a Shelton Capital trust or merged into similar funds in the trust and overseen by the Shelton Funds board. The ICON Funds board will cease ...  >> CONTINUE READING <<<

 

 

Viewpoints

Guide to derivatives rule 2.0 (and how we got here)
By Nathaniel Segal, Vedder Price P.C.
In late November 2019, the Securities and Exchange Commission checked another item off its ambitious rulemaking agenda with a rule proposal involving one of the more complex but increasingly relevant areas of fund regulation: the use of derivatives instruments by registered funds. Proposed rule 18f-4 under the Investment Company Act ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Governance

AB Funds adds independent
By Hillary Jackson
The board overseeing Alliance Bernstein Funds has added a new independent director to its ranks, part of its regular practice of "periodic refreshment" designed to maintain the right mix of age and experience in the boardroom, according to Chairman Marshall Turner. The addition of Jorge Bermudez bumps the size of ...  >> CONTINUE READING <<<

 

 


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Viewpoints
Op-Ed: Whither valuation guidance?

The Securities and Exchange Commission should issue valuation guidance for investment companies. When I was chief counsel in the SEC's Division of Investment Management from 1997 ...