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BetaShares Legg Mason Equity Income Fund (managed fund)

Fund Manager: Betashares / Legg Mason
Inception Date: Feb 19, 2018

Without a doubt, one of the biggest announcements of 2018 in ETFs has been Australian provider Betashares’ announcement of their partnership with US based fund manager behemoth Legg Mason. Whilst perhaps not a well recognised brand name in Australia, Legg Mason are one of the biggest fund managers in the world, managing close to US $800 billion. To put their size into perspective, a 2017 report showed Legg Mason ranked as the 30th largest fund manager in the world, well ahead of Austr ... [More]

ETFs bring active funds to masses

The Australian - Feb 21, 2018

A proliferation of active ETFs on the ASX is bringing active funds management to the masses. With the launch of two new income-oriented active ETFs — BetaShares Legg Mason Equity Income Fund (EINC) and Betashares Legg Mason Real Income Fund (RINC) — this week, there are now 16 of these products giving investors and their advisers access to some of the nation’s top-performing active share strategies as simply as buying shares on the ASX. The rapid growth in active ETFs comes amid increasing demand for efficient, low-cost investments in the $3.27 billion Australian funds management industry, where 95 per cent of the funds are still actively managed despite the fact that at least 70 per cent of active fund managers fail to beat their benchmarks year after year. [More]

Listed products have changed the investment platform and management game forever, says ETF provider BetaShares as it launches two active ETFs with Legg Mason. The two firms yesterday formally launched the BetaShares Legg Mason Equity Income Fund (ASX: EINC) and BetaShares Legg Mason Real Income Fund (ASX: RINC), both of which are managed by Legg Mason affiliate Martin Currie and began trading on the exchange this week. Speaking at the listing ceremony at the ASX in Sydney yesterday, BetaShares managing director Alex Vynokur said the ETF boom is here to stay, with major implications for incumbent fund managers and platform providers. “From the perspective of BetaShares, the true innovation is the access to the customer,” Mr Vynokur said. [More]

Global asset manager Legg Mason has partnered with local exchange traded product pioneer Betashares in an arrangement that will see an expanded number of active strategies made available to Australian investors. Legg Mason manages $962 billion in assets across nine brands including Brandywine Global, Martin Currie and RARE Infrastructure. Legg Mason managing director Andy Sowerby said the partnership was a world first for the group and would allow Australian investors to access a series of actively managed exchange traded funds. [More]

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