FYI: Legg Mason rolled out its first exchange-traded funds in 2015, and currently has 10 ETFs with slightly more than $1 billion in total assets. To put that into perspective, the Baltimore-based asset manager currently ranks about 40th in terms of assets among U.S. ETF providers. That’s not a particularly strong presence for the company, which is known for its mutual funds and other products. In fact, given the company’s overall assets under management of $727 billion as of year-end 2018, its ETF asset base is barely a blip on the radar.
But a recent ruling by the Securities and Exchange Commission could open the door for Legg Mason to become a bigger factor in ETFs—particularly in the realm of active management.
Regards,
Ted
https://www.fa-mag.com/news/legg-mason-seeks-leg-up-in-active-etfs-44474.html?print
