More recently, Legg Mason has filed to launch four smart-beta, index-based ETFs. [Legg Mason Crafting Four Smart-Beta, Index-Based ETFs]
Unlike these other firms, Oppenheimer has opted to acquire a boutique ETF provider, capitalizing on RevenueShares’ Securities and Exchange Commission exemptive relief to launch ETFs. Janus Capital Group is another large mutual fund provider to take this route into the ETF industry after acquiring VelocityShares last year. [Janus Looks to Increase ETF Footprint With VelocityShares Buy]
For more information on the ETF industry, visit our current affairs category.
Money managers who are looking into constructing their own ETFs may also be interested in attending the second annual ETF Boot Camp in New York later this month. Whether you’re an ETF start-up, fund company, broker dealer, pension plan, endowment, private equity firm, fund board independent director, 401k plan provider or ETF industry executive…this conference is designed for you. This one-of-a-kind event will condense everything you need to know about the inner workings of the ETF business into two days.
Max Chen contributed to this article.