Legg Mason Wants A Piece Of The Actively Managed ETF Business
October 2nd, 2009
“Legg Mason is considering offering actively managed ETFs, according to Matt Schiffman, head of retail at the Baltimore firm,” Adam Kommel Reports From Mutual Fund Wire.
“The active ETF space may offer some opportunities for us,” he told the audience at the Maximizing Distribution Impact by Channel discussion at the MFWire Influencers’ Summit on Thursday at the Four Seasons Hotel in Boston.
“Acknowledging that Legg Mason missed the index-tracking ETF boat, he suggested that actively managed ETFs, which have so far not gained much popularity, may have potential,” Kommel Reports.
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