Deliberate Evolution vs. Mutation in Public Equities Markets

A well-intentioned and deliberate approach to adjusting public equity market structure through regulation can result in positive outcomes for investors, but that approach isn’t always what drives change in global equity markets. The media, investor advocacy groups, and legislators often intervene to influence the trajectory, and the outcome can be more of a mutation than an evolutionary process. We will discuss a range of recently implemented and currently contemplated equity and ETF market changes and how these changes have or could affect the way we invest – for better or worse.