Mutual Funds Defend Use of Derivatives

According to various news sources, leading asset-management firms asked the U.S. Securities and Exchange Commission for less regulation when it comes to setting new rules for how mutual and exchange-traded funds use derivatives. In letters to the SEC earlier this week, firms including BlackRock, Inc. and State Street Corp. argued that derivatives have an important role in managing large asset portfolios. The letter further argued that that a … [Read more...]