Daugherty Quoted on Active ETF Challenges

Foley Partner Patrick Daugherty participated in an interview that appeared in ActiveETFs/InFocus on August 18, 2010. Daugherty, who helped launch the very first actively-managed ETF in the United States from Bear Stearns in 2008, discusses the challenges in launching the first Active ETF, implications of the daily disclosure requirement and paralysis at the SEC when it comes to new product development.