I'm mainly looking for the proper SEC filing forms and any regulations. Also are ETFs under the regulation of ICA 1940 in that they must be diversified, or can you have an ETF with 50% of the assets in a single equity.
They are subject to the 40 Act, and also the '33 Act if you are going to issue shares to the public. And exchange regulations, and the requirements of the custodian, and currency restrictions, and state securities regulations. You should be able to create one for about $1.5 million, plus marketing expenses. Go for it!
ETFs are cheaper than mutual funds. ETFs have very low annual expenses, nearly 20 basis points or 0.2% less. As against this, actively managed mutual funds show average expenses exceeding 135 basis points (1.35%). This does not include the extra 2% - 5% as loads, 12(b)-1 marketing fees, transactions costs, and soft dollar expenses mutual funds, passed on to you but never informed, except in very fine print that nobody cares to read.
http://debts-to-wealth.com/category/why-...
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