ARTICLE
30 May 2017

ETF Boards Need To Apply Gartenberg Differently

W
WilmerHale

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Advisory fee deliberations should consider external distribution, unitary fees and operational differences from mutual funds.
United States Corporate/Commercial Law

The differences between the respective cost structures of exchange-traded funds and mutual funds and the nature of advisory services provided for each product may require boards to think about the Gartenberg factors differently when considering approval of an ETF advisory contract.

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Originally published by Learning Curve, June 2017.

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