Mutual fund shareholders and retirement savers stand to benefit more than others from dual share class approval.
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The company on Wednesday joined the ranks of fund managers that have filed for exemptive relief to offer ETF share classes of mutual funds.
More than 40 firms filed amended requests with the SEC since it nudged them to follow Dimensional’s lead, and nine filed initial applications.
Broker-dealers have a big problem with ETFs: A lack of revenue-sharing to support commission-based compensation.