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Tuesday, January 15, 2013|
What Are T. Rowe's and Legg's Active ETF Plans?
Legg Mason [profile] and T. Rowe Price [profile] are both preparing to make moves into the active ETF business, and the Baltimore Sun is taking note.
Reporter Eileen Ambrose highlights both Legg's filing, updated in November, to launch up to three initial active ETFs, and T. Rowe's initial SEC approval, received in December to get into this niche. Last week MFWire compared T. Rowe's and Fidelity's active ETF plans.
Morningstar ETF analyst Robert Goldsborough told the paper that he expects "them to move fast," probably by the end of 2013. A Legg spokeswoman said the shop expects SEC approval of the Legg Mason Western Asset Ultra-Short Duration ETF this quarter.
Lipper senior research analyst Jeff Tjornehoj noted that only Pimco has really had active ETF success so far.
Printed from: MFWire.com/story.asp?s=42690
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