Rick Genoni, Managing Director, Head of ETF Product Management at Legg Mason discusses the firm’s launch of semi-transparent ETF, CFCV.
Established well over 100 years ago, Legg Mason has a longstanding tradition of active management. Today, the global asset manager prides itself on being a provider of choice, offering investors access to a variety of strategies and vehicles. As the current environment calls for more cost effective, tax efficient products, Legg Mason continues to expand its ETF lineup.
On May 27th, 2020, Legg Mason launched its first semi-transparent ETF. The ClearBridge Focus Value ETF (CFCV) leverages Precidian’s ActiveShares technology. The semi-transparent structure allows the ETF’s actively managed strategy to remain confidential, while still maintaining the benefits of an ETF wrapper. CFCV aims to achieve long-term capital appreciation, through in investment in a select group of stocks with strong business franchises and attractive valuations.
To learn more, head here.