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FYI: SEC could approve an application by American Funds, one of the largest issuers of mutual funds, to enter the exchange traded funds industry. Capital Group Cos., the parent company of American Funds, submitted an application for ETFs to the SEC a year ago. A notice from the SEC indicates approval of American Funds’ ETF foray appears likely though there is still time for opponents to request an SEC hearing, though such a hearing is unlikely, reports Trevor Hunnicutt for InvestmentNews Regards, Ted http://www.etftrends.com/2015/02/american-funds-throws-its-hat-in-etf-ringsort-of/
