BetaShares and Legg Mason launch two active ETFs
BetaShares and Legg Mason have launched together two new income-oriented active exchange traded funds (ETFs): BetaShares Legg Mason Equity Income Fund (EINC) and BetaShares Legg Mason Real Income Fund (RINC).
Both funds would be managed by Legg Mason’s affiliate asset management firm, Martin Currie and be based on its existing strategies.
EINC would aim to provide investors access to a diversified portfolio of Australian companies and would replicate the strategy employed by the Legg Mason Martin Currie Equity Income Fund, while RINC would offer a portfolio of listed companies that own physical assets such as property, utilities and infrastructure and manage to provide reliable revenue streams that could grow ahead of inflation.
Also, RINC would aim to replicate the Legg Mason Martin Currie Real Income Fund’s strategy.
Legg Mason’s managing director, Australia and New Zealand, Andy Sowerby said: “We expect income-oriented exposures, like the ones provided by EINC and RINC, will be particularly appealing to investors who want to diversify their risk and sources of income especially in the current volatile market environment.”
Under the partnership announced earlier this month, BetaShares and Legg Mason said they planned to launch further active ETFs later in the year.
Recommended for you
Momentum Media’s wealth publishing network is pleased to announce the launch of the annual Australian Wealth Management Summit 2025.
Trustee and fund administration platform MSC Group has promoted Shelley Brown as its chief operations officer, having successfully completed the integration of the Certane Corporate Trust business.
Australian Unity’s group managing director and chief executive has announced his plans to retire at the end of the year after two decades leading the company.
TAL has appointed a senior manager for investment strategy and portfolio management who joins from a lead role at AIA.
