April 14, 2021
Business News

Practus LLP Announces That the First Mutual Fund to ETF Conversion on Behalf of SmartETFs is Underway

WASHINGTON–()–Practus, LLP, a virtual law firm with an innovative approach to client service and cutting-edge legal work, today announced the effectiveness of certain filings with the Securities and Exchange Commission that will allow for the first ever mutual fund to exchange-traded-fund (ETF) conversion on behalf of client Guinness Atkinson Asset Management and SmartETFs, its family of exchange-traded funds. It is anticipated that the transactions will be completed on or about March 26, 2021. The establishment of an accepted legal framework for such a conversion is a milestone for the asset management industry and a positive development for fund providers seeking to offer their clients additional ways to access…

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