Mutual funds and other investment vehicles are increasingly looking to investments in exchange-traded funds (ETFs) as straightforward, cost-efficient tools for equitizing cash, obtaining index exposure, sector/country investing, hedging portfolio investments, or implementing other specialized strategies. This seminar is designed to inform legal and compliance professionals in the investment management industry on due diligence issues that may arise in connection with investments in ETFs. Topics covered will include:

ETF Basics:
The creation unit process
Intra-day trading
Limitations under Section 12(d)(1) of the 1940 Act
Requirements for relying on exemptive relief

Due Diligence Checklist:
Review of participation agreements
Adherence to investment restrictions
Prospectus disclosure
Board approval items

Issues Related to Non-Traditional ETFs:
Actively managed ETFs
Leveraged ETFs
Inverse ETFs
Recent litigation and regulatory developments

Agenda:
11:15 - 12:00 p.m. — Registration/Complimentary Lunch
12:00 - 1:00 p.m. — Presentation

Fee: $150.00

For more information, please contact Barbara McNally at bmcnally@stradley.com or (215) 564-8509.

*One complimentary substantive Pennsylvania Continuing Legal Education (PA CLE) credit