Bringing you live news and features since 2006 

Nuveen Diversified Commodity Fund shareholders approve ETF conversion

RELATED TOPICS​

Shareholders of the Nuveen Diversified Commodity Fund (CFD), have approved the plan to convert the fund into an open-ended exchange-traded fund (ETF). The conversion plan is also contingent on customary regulatory approvals.

As previously announced, the purpose of the conversion is to seek a closer alignment between the fund’s share price and net asset value.
 
With today’s announcement of shareholder approval, the conversion of CFD now requires regulatory approval. Assuming regulatory approval is obtained, the conversion of CFD to an ETF is expected to be completed in the fourth quarter of 2015. However, there can be no assurance that such approval will be obtained, or if obtained, that the conversion will be completed in the anticipated time frame or will achieve its stated purpose.

Latest News

News came last night from the US that the SEC has approved CBOE’s proposal to list and trade VanEck’s spot..
Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15 per cent increase in net..
European white label ETF platform, HANetf, has announced its total assets under management (AUM) has now exceeded USD4.31 billion...
New research from European ETF provider Tabula Investment Management shows investors are expecting improvements in ESG from the gold mining..

Related Articles

Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
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