Legg Mason Adds Active Short-Duration Bond ETF to Help Investors Better Manage Risk | ETF Trends

Legg Mason and its affiliate, Western Asset Management Company, launched a new actively managed short-duration income exchange traded fund to help investors hone in on attractive yields and better manage risk exposure.

On Friday, Legg Mason rolled out the Western Asset Short Duration Income ETF (NasdaqGM: WINC), which comes with a 0.29% expense ratio.

The active ETF will be managed by S. Kenneth Leech, Chief Investment Officer; Michael C. Buchanan, Deputy Chief Investment Officer; Ryan K. Brist, Head of Global Investment Grade Credit and Portfolio Manager; Blanton Y. Keh, Portfolio Manager; and Kurt D. Halvorson, Portfolio Manager.

“With WINC we can actively manage duration, sector and security selection – providing greater flexibility to respond to dynamic market conditions,” Buchanan said in a note. “The fund’s exposures are 100% U.S.-dollar denominated. They can expand beyond investment-grade corporate bonds to include high-yield bonds, structured securities, emerging market debt and other sectors and securities.”

“This flexibility can allow for enhanced performance, added diversification and improved yield potential,” he added.

The Western Asset Short Duration Income ETF tries to generate current income by investing in investment-grade fixed income securities, according to the fund prospectus.