White is to further scrutinise exchange-traded funds (ETFs) due to recent events, sad its Chairperson, Mary Jo The US Securities and Exchange Commission. This is because the funds, which typically track a stock or bond index and are traded like stocks, have more than quadrupled in number over the past ten years and now have a total of $2tn in net assets. "Despite the popularity and broad success of these funds, their history is not without some turbulence. Further regulatory steps beyond additional disclosures may be needed," said The US Securities and Exchange Commission.
The US Securities and Exchange Commission is to further scrutinise exchange-traded funds (ETFs) due to recent events, sad its Chairperson, Mary Jo White. This is because the funds, which typically track a stock or bond index and are traded like stocks, have more than quadrupled in number over the past ten years and now have a total of $2tn in net assets. "Despite the popularity and broad success of these funds, their history is not without some turbulence. Further regulatory steps beyond additional disclosures may be needed," said White.