US mutual fund to ETF conversions

US mutual fund asset managers are eyeing up the ETF space says Foreside

US mutual fund asset managers are eyeing up the ETF space says Foreside

What the industry learned from the Guinness Atkinson conversion of the first mutual fund to ETF is that “it is a very complex project plan that touches all aspects of your business and relationships with service providers, investors, and intermediaries,” according to Sonja Formato, senior director at compliance and consulting firm Foreside. Foreside acts as legal underwriter for their mutual fund and ETF.