Wall Street’s Rush to Launch Vanguard-Style Funds Draws Warnings
(Bloomberg) -- Exchange-traded funds have amassed trillions of dollars by offering investors greater tax efficiency, liquidity and lower costs than mutual funds. Now, a looming regulatory shift is poised to bring the two vehicles closer together — and threatens to complicate the very features that fueled the ETF boom.Most Read from BloombergNY Wins Order Against US Funding Freeze in Congestion FightThe US Securities and Exchange Commission is expected to approve applications for dual-share-class
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