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Exemptive Relief Update: Russell Pulls Out, Janus Pledges Transparency

By: ETFdb
The ever-changing competitive landscape continues to shift in the ETF industry, with updated regulatory filings from two giants in the indexing and money management space that could soon be a bigger part of the ETF industry. Russell wrote the SEC to “ respectfully request the withdrawal of the Applicants’ application for” exemptive relief that was filed in January 2010. Earlier this year, Russell acquired Reno-based U.S. One, the issuer behind the One Fund (ONEF) that offers exposure to domestic and global equities. In that acquisition, Russell acquired the exemptive relief held by U.S. One, essentially allowing the company to sidestep the approval process and accelerate its entry into the ETF industry. Russell has since filed for several ETFs using the U.S. One exemptive relief, including a handful of products that would be structured as actively managed “ETFs of ETFs” similar to ONEF. In total, Russell has filed for more than [...] Click here to read the original article on ETFdb.com. Related Posts: Russell, RAFI Team Up On Fundamental Indexes U.S. One / Russell Planning More ETFs M&A Activity In The ETF World: Russell To Buy U.S. One This Week In ETFs: August 20th Edition May ETF Roundup: Launches, Filings, and Closings
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