Board votes to shift large‑cap value sleeve from mutual fund to ETF
The retirement board approved CS McKee’s recommendation to move the large‑cap value allocation from a mutual fund (end‑of‑day pricing) to an ETF (intra‑day pricing), citing lower fees and manager flexibility; the vote was by voice and carried.
The full story
The Elk County Retirement Board approved a recommendation from investment consultant CS McKee to change the large‑cap value allocation from a mutual fund to an exchange‑traded fund (ETF).
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