MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, February 23, 2010 Legg Mason Takes a Step Toward Active ETFs Four months after The MFWire broke the news that Legg Mason was considering getting into the active ETF space (click here 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 panel 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." Printed from: MFWire.com/story.asp?s=24259 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |