Trending...
- LS2 Partners with Angels Of Dirt's "Next Chapter Racer" Series Celebrating Women and Girls in Motorsports
- Timbrana Helps General Contractors Improve Jobsite Visibility and Subcontractor Accountability
- Everything Policy Unveils Their Classroom Resources Behind Every Policy Topic
NEWTOWN, Pa., April 2, 2020 /PRNewswire/ -- Precidian Investments commented today on the launch of American Century Investment's (ACI) two new Actively Managed ETFs utilizing their proprietary ActiveShares® structure. Legg Mason, Inc. (NYSE: LM) currently owns a 19.9% stake in Precidian.
"We are truly appreciative of ACI's perseverance in making ActiveShares® a reality," stated Dan McCabe, Chief Executive Officer of Precidian Investments. "I'd like to thank ACI CEO Jonathan Thomas, as well as Ed Rosenberg, Matt Lewis, Cleo Chang, and Rene Casis for their tireless efforts and unwavering support in bringing the launch of these funds to fruition."
"I'd also like to thank our ETF community, but notably, the Cboe, BNY Mellon, State Street Bank, JP Morgan, Mizuho, Cantor Fitzgerald, Rosenblatt Securities, Citadel, GTS Mischler and Foreside, for their commitment to the ActiveShares® model."
More on The PennZone
"We are incredibly proud of this structure, which we believe combines the best attributes of active management with the additional flexibilities of an ETF wrapper. ActiveShares should provide a much better experience for both investors and asset managers." he continued.
Designed to fit seamlessly into the existing ETF ecosystem, ActiveShares® offers investors and managers a far more flexible structure than currently exists with today's mutual funds.
Potential benefits include:
"We believe these features, added to the ETF landscape, will provide investors significant benefits, including reduced fees and tax advantages," McCabe said.
More on The PennZone
About Precidian Investments
An industry leader in the creation of innovative financial products, Precidian specializes in ETF and mutual fund development, and associated trading and pricing technologies. We design and develop next-generation tools for the mutual fund industry, ETF providers and leading financial services institutions to meet the needs of today's more sophisticated investors. Precidian Investments' expertise in product development, trading, clearance, sales, technology, and securities law enables us to more efficiently design and build cutting-edge financial instruments.
SOURCE Legg Mason, Inc.
Related Links
http://www.leggmason.com
"We are truly appreciative of ACI's perseverance in making ActiveShares® a reality," stated Dan McCabe, Chief Executive Officer of Precidian Investments. "I'd like to thank ACI CEO Jonathan Thomas, as well as Ed Rosenberg, Matt Lewis, Cleo Chang, and Rene Casis for their tireless efforts and unwavering support in bringing the launch of these funds to fruition."
"I'd also like to thank our ETF community, but notably, the Cboe, BNY Mellon, State Street Bank, JP Morgan, Mizuho, Cantor Fitzgerald, Rosenblatt Securities, Citadel, GTS Mischler and Foreside, for their commitment to the ActiveShares® model."
More on The PennZone
- Tax Tops the List as Wealthy Brits Plan Their Exit, La Vida Survey Finds
- "The Tree of Cinema" Installation Brought Film History and Its Audiences Together at TIFF 2026
- Detroit Lawyer Steals $600,000 Settlement Meant to Protect Child
- The Great Junk Hunt Makes Its Highly Anticipated Stop in Philadelphia (Oaks)!
- Heritage at South Brunswick Announces Special Townhome Mortgage Rate Buydown
"We are incredibly proud of this structure, which we believe combines the best attributes of active management with the additional flexibilities of an ETF wrapper. ActiveShares should provide a much better experience for both investors and asset managers." he continued.
Designed to fit seamlessly into the existing ETF ecosystem, ActiveShares® offers investors and managers a far more flexible structure than currently exists with today's mutual funds.
Potential benefits include:
- Investors: Lower operating costs, improved tax efficiency, lower potential cash drag, benefits of exchange trading, lower liquidity charges and eliminates multiple share classes.
- Active managers: No changes in day-to-day responsibilities, but greatly improved flexibility. Significant improvement in tax efficiency enables more effective implementation without fear of front-running or loss of intellectual property.
- Markets: Diversifies the markets away from concentration in index-based ETFs and associated price discovery challenges, supporting goals of regulators. The availability of additional investment capabilities within the ETF structure can lead to more robust asset allocation models.
"We believe these features, added to the ETF landscape, will provide investors significant benefits, including reduced fees and tax advantages," McCabe said.
More on The PennZone
- Heritage at Hopewell Announces Limited-Time Mortgage Rate Buydown on Select Quick Move-In Townhomes
- Air Force Veteran Sean Douglas Delivers Powerful Suicide Prevention Presentations to Hundreds of Marines at Camp Pendleton
- Ashley Russo Receives Linny Lifetime Achievement Award
- How to Choose a Heating Repair Company in Philadelphia
- Renew Integrative Health Publishes Updated Peptide Therapy Guide to Help Patients Understand Their Options
About Precidian Investments
An industry leader in the creation of innovative financial products, Precidian specializes in ETF and mutual fund development, and associated trading and pricing technologies. We design and develop next-generation tools for the mutual fund industry, ETF providers and leading financial services institutions to meet the needs of today's more sophisticated investors. Precidian Investments' expertise in product development, trading, clearance, sales, technology, and securities law enables us to more efficiently design and build cutting-edge financial instruments.
SOURCE Legg Mason, Inc.
Related Links
http://www.leggmason.com
0 Comments
Latest on The PennZone
- Pittsburgh Digital Marketing Agency Moves to Babcock Boulevard in the North Hills
- ClearSight Therapeutics Receives U.S. Patent Notice of Allowance
- Revinate launches hospitality's first data activation platform
- HLN Consulting Names Lilly Kan as Its First Chief Executive Officer
- BitTitan Accelerates Large-Scale Document Migrations with MigrationWiz
- Clearnetworx Deploys netElastic vBNG, CGNAT And netVision To Power Fiber Expansion Across Colorado's Western Slope
- Glenn Strange - Iconic Horror actor of Universal Studios Frankenstein's Monster Fame Honored
- Creole101 Launches Multilingual Dictionary App with 50,000+ Entries, Vocabulary Games and Haitian Cultural Resources
- Hilton Waikiki Beach Resort & Spa Introduces Level 37 Sky Lounge by Casamigos
- Self-Published Dad's Santa Book Finally Found After 3 Years on Amazon
- Meta Partnership Expanding as Omni One Orders Surge 3X -New Consumer Bundles, Defense Opportunities & AI Robotics: Virtuix Holdings: N A S D A Q: VTIX
- Roots for Boots to Participate in 2026 Adams County Community Foundation Giving Spree
- Timbrana Helps General Contractors Improve Jobsite Visibility and Subcontractor Accountability
- Citizens for West Virginia Election Integrity Urges "FOR" on Amendment 1
- Vegan Kingz Expands Direct-Import Wholesale Lineup to Help Commercial Kitchens Cut Ingredient Costs
- Acuvance Survey Finds ERP Integration Remains a Key Challenge as Healthcare Organizations Prepare for AI
- Everything Policy Unveils Their Classroom Resources Behind Every Policy Topic
- Constantine "Costa" Kapothanasis II Acquires The Lubri-Loy Company, Carrying a 77-Year-Old American Lubricant Brand Into Its Next Era
- LS2 Partners with Angels Of Dirt's "Next Chapter Racer" Series Celebrating Women and Girls in Motorsports
- Danish company biosuite introduces biotech procurement software to track outsourced R&D commitments