McAfee & Taft attorney Jerry A. Warren, who specializes in corporate and securities matters, was interviewed for an Oklahoman feature about the recent increase in popularity of exchange-traded funds (ETFs) and specifically two local investment businesses that are planning to launch ETFs, The Oklahoma Fund and FaithShares.
Warren, who has worked on both those efforts, explained that “ETFs combine the best aspects of a mutual fund with the benefits of owning stock.”
"As the number of ETFs increased, the investment focus of newer ETFs became more specialized. The sponsors of The Oklahoma Fund and FaithShares correctly recognized that certain investor demands were not being met through existing ETFs.”
Warren told The Oklahoman that he thinks more Oklahoma businesses will try to enter this field.
"While the hurdles to create an ETF remain relatively high, they are being lowered as the number of ETFs increase," Warren said. "The key for any sponsor of an ETF is to find an investment model that excites the market.”
You can read the entire interview here.