SEC wants funds, ETFs to better manage liquidity

Washington

MUTUAL funds and exchange-traded funds will be required to create new programmes to better manage their liquidity, under a plan put forth by US securities regulators on Tuesday.

The proposal by the Securities and Exchange Commission is one of several safeguards for the asset management sector that SEC chair Mary Jo White called for in a major policy speech last year.

The plan comes as asset managers have been facing heightened scr…