ETF Filings: Legg Mason Details First ETF, Global X Looks To Add Nasdaq Funds

By: ETFdb
Amidst another volatile trading week for equity markets, the product development front continues to buzz with activity as new entrants plan their debuts, while veteran issuers continue to expand their product lineups. Legg Mason, the mutual fund giant and home of legendary manager Bill Miller (at least for a few more weeks) is planning to change gears and enter the exchange-traded universe [see As Bill miller Departs Some Value ETF Alternatives]. Known for their success in the mutual fund space, Legg Mason recently filed with the SEC to bring to market the company’s first exchange-traded offering. The Baltimore based asset management giant laid the groundwork for a short-term fixed income ETF [see SEC Filing]: Legg Mason Western Asset Ultra-Short Duration ETF: The proposed product is an actively managed bond fund that will seek to provide investors with current income by investing in U.S. dollar denominated securities. The fund’s underlying portfolio [...] Click here to read the original article on ETFdb.com. Related Posts: Some Active ETFs Earning Their Keep During Crisis Talking Actively-Managed ETFs With Tom Graves Of S&P ETFdb Category Kings: Best Performers From First Half Of 2011 PIMCO Planning Foreign Currency Strategy ETF Bond ETF Drawbacks: Case For Active Management In Fixed Income Arena
Amidst another volatile trading week for equity markets, the product development front continues to buzz with activity as new entrants plan their debuts, while veteran issuers continue to expand their product lineups. Legg Mason, the mutual fund giant and home of legendary manager Bill Miller (at least for a few more weeks) is planning to change gears and enter the exchange-traded universe [see As Bill miller Departs Some Value ETF Alternatives]. Known for their success in the mutual fund space, Legg Mason recently filed with the SEC to bring to market the company’s first exchange-traded offering. The Baltimore based asset management giant laid the groundwork for a short-term fixed income ETF [see SEC Filing]: Legg Mason Western Asset Ultra-Short Duration ETF: The proposed product is an actively managed bond fund that will seek to provide investors with current income by investing in U.S. dollar denominated securities. The fund’s underlying portfolio [...]

Click here to read the original article on ETFdb.com.

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