Here’s A Switch: ETFs Transformed Into Mutual Funds

In what could be the equivalent of a “man bites dog” headline, the passive strategies of an exchange-traded fund provider are being used in a suite of new mutual funds.

Ivy Investment Management Company on Wednesday announced it has created five new index-tracking mutual funds in partnership with ProShare Advisors LLC, the company behind the ProShares lineup of ETFs. The Ivy ProShares funds began trading late last week.

from FA News http://www.fa-mag.com/news/here-s-a-switch–etfs-transformed-into-mutual-funds-32470.html

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