12.11.2008 - SEC opens door for ETFs of ETFs
From Euromoney: The Securities and Exchange Commission has approved a request from Barclays Global Investors to construct exchange-traded funds that invest in other ETFs, clearing the way for other ETF providers to begin launching their own offerings. BGI plans to launch a lineup of iShares target-date retirement funds in the next few weeks that will use the structure. Paul Justice, ETF strategist at Morningstar, said the approval benefits investors and expects to see more firms launch ETFs of ETFs..... Full Article: Source
Print