SEC To Require Monthly Portfolio Reports From ETF Holdings
The SEC will now require mutual funds and ETF funds to report portfolio holdings every month rather than four times a year. The regulator approved the new rule change effective Wednesday. JUST IN: SEC approves new rule requiring mutual funds and ETFs to report portfolio holdings on a monthly basis rather than four times a year. — Watcher.Guru (@WatcherGuru) August 28, 2024 In a public meeting, the five-person Commission voted 3-2 to approve the measures along party lines. Officials feel the move will bring greater transparency to investors. SEC Chair Gary Gensler says more frequent reporting would help investors monitor their ETF holdings and identify overlapping investments. Furthermore, the move gives the SEC greater visibility in identifying trends and responding during market stress. Amid the popularity of exchange-traded funds backed by cryptocurrency, the move is a game changer for transparency concerns. Also Read: Telegram CEO Pavel Durov Released From Police Custody ...