The regulator’s research points to rising active ETF activity and varying degrees of cost savings for investors after fund consolidation.
The Securities and Exchange Commission’s Division of Economic and Risk Analysis (DERA) has released two reports that map the rapid expansion of active exchange traded funds and quantify how fund mergers have been associated with shifts in fees borne by investors. DERA underscores that lower fees ‘do not necessarily guarantee higher net returns ’ The first report, The Fast Growing Market of Active ETFs frames active E