Funding & Business
SEC Close to Making Decision About Dual-Share-Class Funds
The US Securities and Exchange Commission is getting closer to making a decision about whether asset managers can offer ETFs as share classes of mutual funds, according to Kaitlin Bottock, assistant director at the regulator’s division of investment management.
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Underlying US inflation rose as expected in August, as the core consumer price index increased 0.3% from July. Initial jobless claims rose by 27,000 to 263,000 in the week ended Sept. 6, the highest level in almost four years. Michael McKee reports on Bloomberg Television.
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Treasuries oscillated with yields ultimately pushing lower as readings on consumer prices and the labor market left intact the prospect of Federal Reserve cuts next week.
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Executives and traders say this year’s Gastech in Milan saw the most agreements in recent memory.
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