# Professor Kim Schoenholtz's co-authored blog post on mutual funds and systemic risk is featured

1 Faculty News November 15, 2016 ![VoxEU logo ](/sites/default/files/styles/246w/public/assets/images/con_030499.jpg?itok=Qjpc4sQk)>

Excerpt from [VoxEU](http://voxeu.org/article/reforming-mutual-funds-proposal-improve-financial-market-resilience) -- "...we propose studying the implications of converting a rapidly growing class of open-end mutual funds into ETFs. If the SEC is to undertake a ‘root-and-branch review’ of the ETF industry (Financial Times 2016), it ought to consider it in the context of the mutual fund industry as a whole, allowing for the serious possibility that – relative to mutual funds holding illiquid assets – ETFs could reduce systemic risk."

[Read more](http://voxeu.org/article/reforming-mutual-funds-proposal-improve-financial-market-resilience)