Schwab and Others Bet on Tax-Savvy ETFs

What You Need To Know

• At least seven firms, including JPMorgan and PIMCO, filed amendments to their applications to create funds that have both ETF and mutual fund share classes.
• The latest filings indicate that the SEC is fast-tracking its decision on multi-share class funds.
• At stake is a fund model patented by Vanguard that helped it save clients billions on taxes.