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Legg Mason liquidates Emerging Markets Low Volatility High Dividend ETF

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Legg Mason is to liquidate the Legg Mason Emerging Markets Low Volatility High Dividend ETF. Proceeds of the liquidation are currently expected to be sent to shareholders of the fund on or about 22 May, 2020.Effective as of the close of business on 30 March, 2020, the fund will no longer accept orders for the purchase of creation units. It is expected that the fund will cease trading on Cboe bzx on or about 15 May, 2020 after the close of business, and subsequently will be delisted.

“As with all of our investment solutions, we are continuously evaluating our product lineup to ensure it is relevant and meets investor demand. In this case, we have determined a timely liquidation is the best option. We are pleased with the performance and investor reception to other ETFs we offer,” says Rick Genoni, Legg Mason’s Head of ETF Product Management.

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