Mar. 10, 2019
Hello, The proposed rule change, “fund of funds arrangement”, will help stimulate the economy. Investors will have less restrictions on exploring new assets and investments when you take away the limitation on the amount funds can invest in other funds. According to Section 12(d)(1)Funds of the Investment Company Act, funds cannot to acquire more than 3% of the outstanding shares of another fund, but the reversal of this act will stimulate growth in the markets. Funds can diversify less than they are now, which helps the other fund sell more assets to any one fund. Please ratify this rule as it will help the American economy. Thank you, Rohan Ronvelia