Legg Mason Readies Trio of Active ETFs: Report
October 29th, 2012 at 3:30pm by John Spence
Legg Mason (NYSE: LM) has filed to launch a pair of actively managed stock exchange traded funds and an active bond ETF, according to a report.
“On Monday the Baltimore-based mutual fund shop updated its filing with the SEC, requesting an exemption order to create a Legg Mason ETF Trust with three initial ETFs: the Legg Mason Western Asset Ultra-Short Duration ETF, the Legg Mason Capital Management Systematic Equity Fund and the Legg Mason Equal-Weighted Equity Sector Fund,” MFWire reports.
The filing means the SEC could clear the ETFs to list soon.
Legg Mason has also filed to introduce a global bond ETF that would track an index. [Legg Mason Drafts a Passive Global Income ETF]
Last year, the asset manager filed Legg Mason Western Asset Ultra-Short Duration ETF, which would be an actively managed fund. [Legg Mason Files to Launch Bond ETF]
Earlier this year, Legg Mason’s CEO said the company was testing the waters in the ETF business. [Legg Mason, Fund Firms Mull ETF Entry]
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