Top of the Agenda - Compensation

MPI: Board pay up slightly, setting rates more complex
By Hillary Jackson
Average compensation for independent mutual fund directors ticked up in 2021, though "movement" in the industry is proving that numerous factors should be considered when setting and reviewing pay rates, according to Jay Keeshan, a partner at Management Practice Inc. In the past several years, sizable jumps in assets under ...  >> CONTINUE READING <<<

 

 

Top of the Agenda - Governance

Edward Jones funds boards merge, name first-ever independent chair
By Hillary Jackson
The governance structure in place for mutual funds offered by Edward D. Jones & Co. has been revamped and streamlined, resulting in new independent leadership and a unified board. The BridgeBuilder Trust board has merged with the board overseeing the Edward Jones Money Market Fund, two new independent directors have ...  >> CONTINUE READING <<<

 

 

10 Things

10 Things...to do as new rule compliance nears
By FBV Staff
The compliance deadlines for new rules on funds' use of derivatives and fair valuation practices are quickly approaching, on Aug. 19 and Sept. 8, respectively. Boards have had about 18 months to prepare for compliance with each of the rules, and there has been a lot to do in both ...  >> CONTINUE READING <<<

 

 

Added Perspective

Claims Trends: A Review of Claims Activity in the Mutual Fund Industry (January 2021–March 2022)
By ICI Mutual
ICI Mutual’s annual Claims Trends reports on significant civil lawsuits, regulatory enforcement proceedings, and operational errors involving fund advisers and their affiliates, registered investment companies, and fund directors and officers. The publication is designed to assist ICI Mutual’s insureds to better assess and manage the risks associated with such matters, ...  >> CONTINUE READING <<<

 

 

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 fund complexes have followed suit, and the fund-to-ETF conversion process is starting to seem not so novel already. That said, the process is complex, ...  >> CONTINUE READING <<<

 

 


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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 ...