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Legg Mason Files To Issue Active ETFs
February 23, 2010 8:07 am
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Asset manager Legg Mason finally made a move to stake a claim in the exchange-traded fund space. Rumors had Baltimore-based Legg Mason eyeing actively managed ETFs since last fall. This week the company filed papers with the SEC that would allow it to launch just such a family of ETFs. The filing laid the groundwork for actively managed vehicles ranging from domestic and/or global equities to fixed-income asset classes, though the company didn’t specify which funds it would launch. Most active ETFs have yet to show sizable asset inflows. Still, companies such as T. Rowe Price, Pimco, Goldman Sachs and Charles Schwab are entering or thinking about entering the actively managed ETF space. There are plenty of arguments why active ETFs have not caught on with investors, as you can read in Matt Hougan’s recent blog about the trend. Legg Mason’s move comes days after RiverPark Advisors made a similar SEC filing seeking exemptive relief to launch active ETFs. RiverPark already subadvises four active ETFs for Grail Advisors, all of which have gathered less than $5 million in assets. Exemptive-relief filings grant exemptions to parts of the Investment Act of 1940, and represent the first hurdle fund companies must clear to issue ETFs.
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Short-Seller’s Guide To GLD
Gold, despite its recent rebound, has gotten clobbered over the past three months.
Looking Beyond VWO And EEM
Broad-based, cap-weighted ETFs were the way to play emerging markets over the past decade. But it’s time for investors to become more strategic and look beyond VWO and EEM.-
May 24, 2012
AdvisorShares Launches Cousteau-Linked ETF AdvisorShares rolls out green multi-asset class ETF with charitable Cousteau tie-in. -
May 23, 2012
AdvisorShares To Roll DENT Into MATH AdvisorShares plans to roll its poor-performing ETF, DENT, into a better-performing strategy called MATH. -
May 21, 2012
Barclays To Sell Stake in BlackRock It’s final: Barclays plans to unload the stake it has held in BlackRock since BlackRock bought BGI in 2009. -
May 18, 2012
Best/Worst Daily ETF Returns: KBWI Falls 6.74% KBWI was the worst-performing ETP on Thursday, May 17, as the Dow plunges again on rumors of a bank run in Spain. -
May 17, 2012
Global REIT ETF Revolution? My colleague Devin Riley recently lamented the lack of focused global real estate ETFs. That may be about to change.
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JP Morgan & ETN Credit Risk
Paul & Ugo discuss the implications of J.P. Morgan's $2 billion loss, the European debt crisis and what it means for ETN investors.
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