Vanguard presses SEC to back off ETF holdings disclosure plan

8 January 2019 10:38pm
Vanguard Group has been following up with US Securities and Exchange Commission officials on a request that the agency ease a proposal to make exchange-traded funds disclose their complete portfolio holdings daily.

Vanguard representatives met late last month with Republican Commissioner Elad Roisman and SEC investment management officials, including division chief Dalia Blass, to discuss the ETF plan, according to agency memos.

In an earlier letter to the SEC, the second-largest asset manager after BlackRock argued that the rule proposal could hurt ETF investors by allowing others to trade ahead of the funds.