MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, April 19, 2012 Putnam Explores Active ETFs Is Putnam Investments [profile] getting into the active ETF business? Securities Technology Monitor reports that Bob Reynolds, Putnam's CEO, shared his thoughts on Tuesday at the Tiburon CEO Summit XXII in NYC. "I do think there will always be room for active management and the more people who index, the more inefficient the market becomes. ETFs are great trading vehicles but some of them under perform their benchmarks by 1000 basis points," Reynolds is quoted as saying. Despite reports to the contrary, Putnam has not yet filed to launch an active ETF. BlackRock, State Street Legg Mason, and Charles Schwab Corp are a few of the firms that have filed paperwork with the SEC for their own active ETF offerings. Printed from: MFWire.com/story.asp?s=39783 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |