Bringing you live news and features since 2006 

Announcement

ETC granted Manager of Managers Relief by SEC

RELATED TOPICS​

Exchange Traded Concepts (ETC), the white-label ETF Advisor behind the ETF-In-A-Box turnkey solution to bring custom ETFs to market, has been granted Manager of Managers Relief by the Securities and Exchange Commission (SEC). 

This Relief offers an ETF structural flexibility as well as improved operational efficiency and complements ETC's existing suite of exemptive relief.

The Manager of Managers relief allows ETC to retain an investment sub-advisor to serve a fund without the need for an expensive shareholder proxy, under certain conditions. Other Relief granted by the SEC to Exchange Traded Concepts allows the launch of Equity, Fixed Income, Active, Fund of Funds, Long/Short and 130/30 strategies.

"We are thrilled to add Manager of Managers relief to our current offerings as yet another opportunity to reach an even larger group of industry experts looking for a comprehensive and intuitive way to break into the ETF community," says Garrett Stevens, CEO of ETC. "This new Relief gives us the most flexibility in the marketplace to help our clients launch creative ETF products. It will be very helpful to mutual fund companies who currently use a Manager of Managers' approach and would like to bring an ETF to market."

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Ryan McCormack, Invesco
This year sees the 25th anniversary of Invesco’s QQQ, the USD240 billion ETF – the fifth largest ETF in the...
ETFs
The European ETF market achieved a record 28 per cent growth – reaching over USD1.8 trillion assets under management (AUM)...
Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by