Legg Mason has launched its first affiliated branded active exchange traded fund strategy to help investors target quality growth companies with consistent and sustainable returns.
Legg Mason partnered with ClearBridge Investments to launch the ClearBridge All Cap Growth ETF (NasdaqGM: CACG). CACG has a 0.53% expense ratio.
The active ETF is managed by the ClearBridge team, including Peter Bourbeau, Margaret Vitrano, Richard Freeman, and Evan Bauman.
CACG tries to achieve long-term capital appreciation by investing in a diversified portfolio of large, medium and small capitalization stocks that have the potential for above-average long-term earnings and cash flow growth, according to a prospectus sheet.
“We are pleased to now be able to offer our clients this strategy in two forms – the SMA and now ETF,” Terrence Murphy, Chief Executive Officer of ClearBridge Investments, said in a note. “ClearBridge All Cap Growth actively invests in a diverse portfolio of stocks – ranging from large to medium and small capitalizations – providing investors with exposure to equities with potential for long-term earnings and cash flow growth.”