The firms are seeking green light for the mutual fund share class

PGIM joins firms seeking green light for ETF mutual fund share class. Firms like Dimensional Fund Advisors, Morgan Stanley Investment Management and Fidelity Investments seeking to bridge the gap that currently divides mutual funds from ETFs. PGIM filed a formal request to be allowed to issue ETF share classes late on Friday.

PGIM joins firms seeking green light for ETF mutual fund share class. Firms like Dimensional Fund Advisors, Morgan Stanley Investment Management and Fidelity Investments seeking to bridge the gap that currently divides mutual funds from ETFs. PGIM filed a formal request to be allowed to issue ETF share classes late on Friday.