10 Things

10 Things...to know about the ETF share class
By FBV Staff
Independent directors who anticipate overseeing exchange-traded fund share classes are contemplating myriad issues related to what many industry participants believe will be a seismic shift in the mutual fund market. The work that will follow SEC approval of the exemptive relieve applications to offer an ETF share class will be ...  >> CONTINUE READING <<<

 

 

10 Things...to know about new co-investments framework
By FBV Staff
Earlier this month, the Securities and Exchange Commission filed a notice of intent to grant Franklin Square’s exemptive relief application for certain business development companies and closed-end funds to participate in co-investment joint transactions with affiliated funds and accounts that otherwise have been prohibited. The new framework is expected to ...  >> CONTINUE READING <<<

 

 

10 Women...who chair the Audit Committee
By FBV Staff
The percentage of female independent directors serving on mutual fund boards has increased impressively in recent years, jumping from about 20% 10 years ago to nearly 40% in 2023. What's more, one-half of the independent directors who joined a board in 2022 and 2023 were female, and 91% of fund complexes ...  >> CONTINUE READING <<<

 

 

10 Things...to consider when merging boards
By FBV Staff
Mergers of mutual fund boards can take place within a large fund complex—as is taking place now at Columbia Funds and occurred earlier this month at AllianceBernstein Funds—or between fund complexes—as when the TCW Funds and MetWest Funds boards combined last year or when four boards were consolidated to two ...  >> CONTINUE READING <<<

 

 

10 Things...to know about BDCs
By FBV Staff
Congress created business development companies in 1980 to support job growth and help emerging companies raise funds. As of 2023, there were 139 BDCs with $312 billion in assets under management investing in small and medium-sized business. BDCs are subject to board oversight, which can be in the form of ...  >> CONTINUE READING <<<

 

 


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10 Things
10 Things...to know about the ETF share class

Independent directors who anticipate overseeing exchange-traded fund share classes are contemplating myriad issues related to what many industry participants believe will be a seismic shift in ...