BetaShares and Legg Mason form Active ETF strategic partnership
BetaShares and global asset manager Legg Mason have entered a strategic partnership to launch a range of high quality Active ETFs to broaden the investment options on offer to Australian investors.
BetaShares’ Chief Executive Officer, Alex Vynokur, said of the partnership: “Legg Mason is one of the world’s largest and most experienced asset managers with market-leading investment management capabilities across multiple major asset classes, so we’re excited to be part of this collaboration.”
“Combining Legg Mason’s award-winning active management capability with BetaShares deep ETF skillset, the partnership aims to deliver a suite of high quality Active ETFs that give Australian investors more solutions to diversify their portfolios and achieve their investment objectives.”
The BetaShares Legg Mason Active ETFs will utilise the investment philosophies and the strength and position in the market place of both organisations, and will be actively managed by Legg Mason’s investment team. Like all BetaShares products, the new Funds will be able to be bought and sold during the trading day like any share on the ASX.