FYI: USAA, the financial services group that serves current and former members of the military and their families, is the latest large insurance/mutual fund company to enter the ETF pool. The company’s most recent filing suggests USAA will be modeling its exchange-traded funds after Vanguard’s approach to creating ETF shares out of its existing mutual funds.
Regards,
Ted
http://www.etf.com/sections/features-and-news/usaa-on-analyzing-one-bond-time-0?nopaging=1
