USAA Investments just launched a new equity mutual fund, and ETFs are coming soon.
| Paul Fulmer USAA Assistant Vice President, Investment Product Management | |
Last month the military-focused insurer's asset management arm
unveiled the
USAA Global Equity Income Fund [
profile] (UGEIX).
"Next on our plate really is launching ETFs,"
Paul Fulmer, assistant vice president of product development at USAA, tells
MFWire. "We're expecting to go to market with actively managed ETFs early next year."
In April USAA
filed with the SEC to launch active ETF shares for some of its mutual funds in a style similar to the one patented by Vanguard in 2005.
USAA has about $67 billion in mutual fund AUM across 53 mutual funds. 
Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE