Trending...
- Actress/Model Raelia Lewis Building a Powerful Name in Entertainment and Fashion
- TicTac Group acquires French EdTech company Distrisoft
- Award-Winning REALTOR® Paige Coker Joins Corcoran DeRonja Real Estate
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
- Feldman Shepherd's Ezra Wohlgelernter Honored by SeniorLAW Center for Two Decades of Service
- Century Fasteners Corp. Exhibiting at 2026 MRO Americas Show – April 21-23, 2026 – Booth #2257
- Blue Sparrow Coffee named Best Matcha in Westword's Best of Denver 2026
- Ocean County College Introduces Pathways to Simplify the Student Journey and Strengthen Career Connections
- Kiko Nation Expands to Apple App Store, Achieving Full Mobile Deployment for Livestock Digital Registry Platform
"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
- The Lawyers' Marketer Launches Claude AI Implementation Service for Law Firms
- Certified Trading Card Association and Collectors MD Launch Healthy Hobby Initiative
- Actress/Model Raelia Lewis Building a Powerful Name in Entertainment and Fashion
- L2 Aviation Earns FAA STC for Thales AVIATOR 200S for Boeing 777
- Pittsburgh-Based Phoinix Events Selected as Vendor for NFL Draft
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
Filed Under: Business
0 Comments
Latest on The PennZone
- purelyIV Launches Lab Testing Services in Metro Detroit
- On the 296th Anniversary of the Ceremony That Made His Ancestor Emperor, a Cherokee Descendant Publishes the Novel That Restores Him
- Burkentine Builders Breaks Ground on Their 100,000-Square-Foot Warehouse in Shippensburg, PA
- NRx Pharmaceuticals Could Be on the Verge of a Breakout Year as AI, FDA Catalysts, and Mental Health Demand Converge
- Pine Creek Rail Trail Named Pennsylvania's 2026 Trail of the Year
- DC Accounting Firm Offers Free Business CRM to Small Business Clients Alongside Weekly Bookkeeping Model
- CCHR: Psychiatric Drugs Fuel Rising Death Toll: National Adverse Drug Event Awareness Day Confronts America's Medication Crisis
- Explosive $10 Billion Counter-Drone Market with AI-Powered Defense Ecosystem: ZenaTech, Inc. (N A S D A Q: ZENA)
- High-Value Execution Phase Begins: Bitcoin Bancorp Ignites Texas Rollout of Digital Asset ATM Network: Bitcoin Bancorp (Stock Symbol: BCBC) $BCBC
- Women's Wellness Conference Returns with a Powerful Call to Restoration
- UK Financial Ltd Tokenized LTNS 1, A $1.1 T Asset-Backed ERC-3643 Security Token with 11 On-Chain Contracts Verifying, Compliant Real-World Value
- SelfCare is now HealthCare across America
- Homeowner Prep Announces Strategic Language Shift: Replacing "Renters" with "Future Homeowners" to Inspire Wealth-Building Mindsets
- LiposoMore™ Redefines Bioavailability: Joyful Nutritional Launches High-Performance Liposomal Vitamin C and Iron for the Global Supplement Market
- GDE Tree Services Expands Operations into Sydney, NSW
- Tuckwell Machinery Expands CNC Range to Support Australian Cabinet Makers
- The Inner Power of Emotional Self-Leadership
- Dr. Nadene Rose Shares the Secret to True Success: Faith, Obedience, and Divine Purpose
- Best Companies Group Opens Free Registration for Best Places to Work in Insurance Program
- Understanding Unexpected Death: Why Independent Autopsies Matter in Cases Without Clear Cause