Active funds under pressure to perform as IA adds 530 ETFs across sectors
Stock pickers will feel the heat as adding ETFs is likely to improve average performance across sectors
More than 530 ETFs are being added to the Investment Association’s (IA) sectors from 19 April in a move fund buyers think ramps up pressure on active funds to improve performance.
ETFs from 11 providers, including Amundi, Blackrock, Fidelity International, First Trust, Franklin Templeton, HSBC Asset Management, JP Morgan Asset Management, Legal & General Investment Management, Lyxor, Vanguard and Xtrackers, are being added to one of the IA’s 52 sectors.
IA director for policy, strategy and research Jonathan Lipkin said the move recognises that ETFs are a “rapidly growing part of the UK fund markets” and will help savers and advisers make comparisons and choose funds to meet their long-term financial goals.
GreenMark Secures FDA Clearance for LumiCare™ Caries Detection Rinse
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EAST LANSING, Mich. and ANN ARBOR, Mich., April 8, 2021 /PRNewswire/
GreenMark™ Biomedical Inc. announced that the company has secured regulatory clearance from the U.S. Food and Drug Administration ( FDA ) to market its LumiCare™ Caries Detection Rinse as a 510(k) Class II Medical Device. Gaining FDA clearance for our LumiCare™ device at this particular time is especially gratifying given the significant pandemic challenges of the last year. I need to acknowledge the efforts of the entire GreenMark team and our regulatory partners, stated Dr. Steven Bloembergen, Ph.D., GreenMark s founder, Chairman and CEO. GreenMark plans to commence sales of the product in the fall of this year.