State Street's Anna Paglia plans to push ETFs into the U.S. 401 (k) retirement system. State Street is working closely with regulators, investors and plan sponsors to overcome technical and regulatory hurdles to get ETFs into 401 (k) plans, State Street's chief business officer Anna Paglia said in an interview with Bloomberg Television. She believes ETFs can play an important role in retirement portfolios, even though 401 (k) systems currently rely heavily on mutual funds.
Paglia, who joined State Street in February and was previously global head of ETFs at Invesco, is a firm believer in ETFs' low cost and tax efficiency, even though capital gains taxes do not apply to 401 (k) s and intraday liquidity is not necessary in retirement accounts.
State Street plans to introduce ETFs to the 401 (k) market
2024-05-24 21:20:39
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
道富银行计划将ETF引入401(k)市场Next article：
CORE短时突破2美元
