Pooling 12b-1 revenue streams and securitizing them is attracting interest, according to new research released last month by Standard & Poor's, the credit rating agency of New York.

Standard & Poor's, which assigns credit ratings to mutual fund fee securitizations, has found that mutual fund advisers are not the only ones taking a look at expected future 12b-1 revenue streams. The investment banking industry is taking notice of this emerging asset class and hopes to tap 12b-1 revenue streams, according to S&P. Variable annuity providers, with over $1 trillion under management, may also soon seek to have their 12b-1 fees securitized, according to S&P.

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