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Rating:In the AMG Empire, There's No Place for ETFs Not Rated 4.0 Email Routing List Email & Route  Print Print
Tuesday, April 19, 2011

In the AMG Empire, There's No Place for ETFs

News summary by MFWire's editors

Sean Healey
Affiliated Managers Group
President and CEO
For fundsters interested in Affliated Managers Group, an article by Institutional Investor's Julie Segal is worth a look.

AMG, whose affiliates include Tweedy Browne, Third Avenue and Aston Asset Management, sets itself apart from other rollups by buying a majority interest in firms and letting key executives keep the remaining stake and retain management control.

Don't expect ETFs to become part of the AMG picture.

"Passive investments and exchange-traded funds won’t figure in AMG’s future," Segal writes. "Healey says no to ETFs, even though the vehicles have been the fastest-growing asset management product of the past few years, because they are still largely index products and he doesn’t think that AMG can add value there." 

Edited by: Armie Margaret Lee

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