Traditional Fund Managers See Opportunity with ETF Wrapper

Rick Genoni, managing director and head of ETF product management at Legg Mason, and Mike LaBella, a portfolio manager with QS Investors, joined ETF Trends publisher Tom Lydon to talk about Legg Mason’s entry into the exchange traded fund arena.

For instance, Legg Mason recently launched the Legg Mason US Diversified Core ETF (NasdaqGM: UDBI), Legg Mason Developed Ex-US Diversified Core ETF (NasdaqGM: DDBI) and Legg Mason Emerging Markets Diversified Core ETF (NasdaqGM: EDBI).

Through a partnership with QS Investors, the three funds take a macro, top-down approach that help balance risk to deliver broad market exposure through QS Investors’ proprietary Diversification Based Investing (DBI) rules-based methodology. QS Investors has provided custom solutions for institutional and pension funds for 15 years.

Click on the video below to see the full interview.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.