BetaShares and Legg Mason launch emerging market ETF

ETFs/exchange-traded-funds/emerging-markets/BetaShares/Andy-Sowerby/Legg-Mason/Alex-Vynokur/

12 June 2019
| By Oksana Patron |
image
image
expand image

BetaShares and Legg Mason have launched their fourth active exchange trade fund (ETF), the BetaShares Legg Mason Emerging Markets Fund (EMMG) which will provide investors with access to emerging market equities.

The new fund would be managed by Legg Mason affiliate, Martin Currie, a high-conviction manager that managed the unlisted Australian managed fund version of the emerging markets strategy on which EMMG was based.

Legg Mason managing director, Australia and New Zealand, Andy Sowerby, said that the expectation was that emerging markets would continue to dominate world economic production and would lead future global economic expansion. These economies would also be at the forefront of the global technology revolution thanks to a growing number of tech companies and their young and tech-savvy populations.

“The faster growth in emerging markets is underpinned by strong secular trends such as a fast-growing middle class, urbanisation, digitisation and social reform. Our new active ETF (EMMG) has been designed to invest in those companies that are capitalising on these trends,” Sowerby said.

Commenting on the launch of the new fund, BetaShares’ chief executive, Alex Vynokur, added that Australian investors continued to seek new opportunities to diversify the equities allocation of their portfolios beyond the highly concentrated domestic sharemarket.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 3 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 4 weeks ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

1 week 5 days ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

2 weeks 3 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

3 weeks 1 day ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND