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…



Click here to view the original article.

Related Posts

You might also like ...

AON Splash Image
OSI Systems Receives $16 Million Contract for Security Inspection Systems
AON Splash Image
Resumen: Smiths Detection confirma que BioFlash es capaz de detectar la COVID-19 en el aire
Africa’s Best Corporate-Startup Collaboration Accelerator, Startupbootcamp AfriTech, Now Open for Applications from the Most Disruptive Startups