This Week’s ETF Launches: Two Heavyweights Go Global

With the popularity and success of exchange traded funds (ETFs), there are plenty of big names in the investment management world looking to “cash in” on that growth. And that’s certainly evident in this week’s round of new ETF product launches. Both mutual fund giant Legg Mason and financial planner/investment advisory WBI Investments added to their success fund line ups with two new product launches this week. And like their previous efforts, the ETFs are designed to keep their respective clients in-house and away from rivals. While the launches are completely different in focus – as is the week’s other launch from Ark Investments – they do show just how far the industry has grown.