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Stock impact report

SEC to Open Floodgates for Dual Share Classes [Yahoo! Finance]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Yahoo! Finance
The SEC announced last week that it will allow dozens of issuers to offer ETF share classes of mutual funds and vice versa, so long as the SEC doesn't order hearings against the applications. The move is the agency's first announcement on the topic since November, when it approved Dimensional Fund Advisors's proposal. Despite being largely expected, experts said the decision underscores the ongoing ETF boom and the expectation that ETF adoption by traditional money managers will increase. “Managers who were traditionally not in the ETF space, are now very much so in the ETF space,” said Rich Lee, head of program trading and execution strategy at Baird. “Approval for the share class [is] really going to be a huge igniter … It helps these managers get access to a channel that maybe they've not traditionally been in.” SUBSCRIBE: Receive more of our free ETF Upside newsletter. READ ALSO: Here Are the Top ETFs Holding Oracle after Its Nosedive and QQQ to Become an Open-End Fund The Show less Read more
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