Four months after The MFWire
broke the news that Legg Mason
was considering getting into the active ETF space (click
to view the October 1, 2009 article), the Baltimore fund firm
filed papers with the SEC
on Monday requesting exemptive relief in order
to offer the funds.
"The Future Funds may include one or more exchange-traded funds (“ETFs”) which invest in other open- and/or closed-end investment companies and/or ETFs (“Fund of Fund ETFs”)," Legg Mason officials wrote in the February 22 filing.
Speaking at a
during The MFWire Influencers Summit in Boston last October, Legg Mason head of retail Matt Schiffman
said the active ETF space "may offer some opportunities for us."
Stay ahead of the news ... Sign up for our email alerts now