FYI: Goldman Sachs Group Inc. and Pacific Investment Management Co. are leading a push for equal rights when it comes to running index funds tied to the global bond market.
Pimco and Goldman are joined by OppenheimerFunds and Nuveen Fund Advisors in asking the U.S. Securities and Exchange Commission for more flexibility in constructing exchange-traded funds that track indexes. Approval would put them on the same footing as three ETF pioneers -- Vanguard Group, BlackRock Inc.’s iShares unit and State Street Corp
Regards,
Ted
https://www.fa-mag.com/news/pimco--goldman-push-for-bond-etf-flexibility-to-combat-blackrock-35083.html?print
