Legg Mason has plans to launch an active bond ETF, the Legg Mason Western Asset Ultra-Short Duration ETF. Maria Rosati, Mason spokeswoman, in the report said she expects the ETF to launch sometime in the first quarter. [Mutual Fund Companies Readying Active ETFs]
Actively managed ETFs that have taken off are usually tracking the fixed income market. Both the PIMCO Total Return ETF (NYSEArca: BOND) and the WisdomTree Emerging Market Debt (NYSEArca: ELD) track the bond market and have had unprecedented success. [Why ETF Providers Are Stepping Up Their Game]
T. Rowe Price has not yet disclosed any particular product and is not declaring if it is going to even launch such a fund.
Tisha Guerrero contributed to this article.
Full disclosure: Tom Lydon’s clients own BOND.