4 Jan 2016 | Press Releases
27 January 2016, 5pm CET
Get the basics on the tool intended to protect shareholders from account trading and market impact costs.
Geoff Radcliffe, Managing Director of BlackRock (Luxembourg) S.A. and ALFI Board Member
Elisa O'Keefe, Vice President, Fund Administration, State Street Global Services
Swing pricing which has been applied in Luxembourg for the past 15 to 20 years, has proven to be an efficient mechanism to protect existing shareholders from dilution associated with shareholder purchases and redemptions as well as an additional tool to help manage liquidity risks. In the United States, swing pricing is just now gaining traction, especially with new rules finalized and work underway to protect money market investors, the Securities and Exchange Commission has now shifted its focus to safeguards for shareholders of open-end mutual funds and certain exchange traded funds (ETFs). The SEC has proposed new rules and amendments to rules which seek to protect fund investors during periods of large investor withdrawals.
Join the Association of the Luxembourg Fund Industry and NICSA for this jointly produced and presented webinar. Hear perspectives from European and American experts on swing pricing.