In the U.S., ETF share classes are the product story of the year in fund management. The SEC’s 2025 decision on share class relief gave the green light, and since then the first funds have launched with plenty more following behind. Released last year, the Investment Company Institute’s whitepaper on ETFs discusses the regulatory, tax […] The post ETF Share Classes: Why Operational Architecture Matters as Much as Product Structure appeared first on FundGuard .