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Industry Coalition Champions Clarity Through ETP Classifications; Proposal calls on exchanges to standardize taxonomy to increase transparency for the benefit of investors

May 13, 2020 - Business Wire

A coalition of leading asset managers announced today an initiative that calls for clearer identification and categorization of exchange-traded products (ETPs). The coalition has asked Cboe, Nasdaq and NYSE to implement a solution that more accurately reflects the complexities, risks, and structural features inherent in different types of ETPs.

The majority of ETPs are classified as exchange-traded funds (ETFs) under the proposed ETP classification, accounting for nearly 96% of the $3.65 t...