While vendors are piling into the industry from all corners, the exponential growth of ETFs has left retail investors with a dilemma.
A new SEC rule permits the creation of ETFs that disclose their holdings quarterly, leveling the playing field with actively managed mutual funds.
The SEC will allow ETFs that satisfy certain standardized conditions to operate without first obtaining individual exemptive relief.
The proliferation of ETF trading and investment usage is the most significant change to the asset management community in nearly 100 years.