| In an effort to provide greater consistency between mutual funds and exchange-traded funds, Canadian regulators are proposing documents delivered to ETF investors provide more “easy-to-understand” information. In a proposed amendment that has been published for industry comment, the Canadian Securities Administrators (CSA) is suggesting that ETFs produce and file a summary disclosure document called “ETF Facts,” similar to what the mutual-fund industry introduced in 2011.
Comparable to the mutual fund “Fund Fact” document, ETF Facts would be delivered to investors in plain language and be no more than two pages double-sided. The document would highlight key information that has been identified by the CSA as important to investors such as risks, past performance and the costs of investing in an ETF...............................................Full Article: Source
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