Bringing you live news and features since 2006 

SEC grants Legg Mason permission to launch actively managed ETFs


The US Securities and Exchange Commission has granted Legg Mason permission to launch actively-managed exchange-traded funds.

The decision paves the way for Legg Mason to bring the three ETFs it has already filed for registration with the SEC to market, probably early in the New Year.

Legg Mason’s proposed actively-managed ETFs are:

Legg Mason Western Asset Ultra-Short Duration ETF – a clone of the popular actively managed bond ETF PIMCO Enhanced Short Maturity Strategy ETF (MINT); 
Legg Mason Capital Management Systematic Equity Fund; and
Legg Mason Equal-Weighted Equity Sector Fund

Legg Mason is the seventh firm to win SEC permission to launch actively managed ETFs this year following Northern Trust, Huntington Asset Advisors, Federated Investors, IndexIQ, Arrow Investment Advisors, and First Trust.

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by