“I think we see all the advantages to a conversion,” Pershkow said, speaking at the virtual ETFGI Global ETFs Insights Summit this week. “There’s tax efficiency. ETFs have the ability to send securities out of their portfolio in kind, so you don’t unlock the capital gains problem. There’s cost efficiencies; 12b-1 fees aren’t present in any ETFs I know, except the SPDRs. Then there’s transaction costs. People want to convert their mutual funds seemingly to ETFs, but then the question is, well why hasn’t it happened?”
He points to a few reasons why many fund managers are holding out, including the need for a brokerage account to hold ETF shares, the fact the tax-efficiency benefits aren’t present in defined contribution plans, such as 401(k)s, and the ability to close down a mutual fund to new purchases.
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Adaptive-investments
Insights-summit
Total-stock-market
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நாட்டிங்ஹாம்-நிறுவனம்
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நுண்ணறிவு-உச்சிமாநாடு
ETFGI Announces Speakers And Topics For The ETFGI Global ETFs Insights Summit - United States, A Virtual Event On May 19th & 20th Date
May 19
Fre
e attendance and educational credits for buyside institutional investors and financial advisors. Receive a free copy of the ETFGI directory of ETFs and ETPs
and educational credits
.
The event is designed to facilitate substantive and in-depth discussion on the regulatory, product and trading developments impacting the use of and trading of ETFs in the United States.
Confirmed speakers:
Jeffrey B. Baccash, Global Head of ETF Solutions, BNP Paribas
Dan Draper, CEO, S&P Dow Jones Indices
United-states
American
Kimberly-russell
Dan-draper
David-lavalle
Adam-stempel
Rick-redding
Deborah-fuhr
Rochelle-antoniewicz
Amanda-rebello
Dan-madden
Matt-lewis