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The TCW Group, a global asset management firm, announced the relocation of five ETFs from their current exchanges to the New York Stock Exchange (NYSE) effective May 30, 2024. The ETFs involved are TCW Transform 500 ETF (VOTE), TCW Transform Systems ETF (NETZ), TCW Transform Supply Chain ETF (SUPP), TCW Artificial Intelligence ETF (AIFD), and TCW Compounders ETF (GRW). The move aims to provide better trading technology, human oversight, tighter spreads, larger quoted size trades, and additional liquidity. Shareholders are not expected to be impacted, and no action is required from them.
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