Trending...
- $40 Billion Global Market Value by 2030 Projected in Unmanned Aerial Vehicle or Other Drone Technology Sector, Growing at 9.2% Compound Annual Growth
- WebDrafter Highlights How AI Search Is Reshaping Online Visibility
- Salestrics Introduces PraiseEngine: The AI-Native Review Engine Built to Fix Social Proof
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
- Independent West Texas Metal Multi-Instrumentalist & Producer. "MAD CHAD™" Russell Surpasses 1.9 Million Project Interactions Via DFGS Productions
- No Download Needed: Goosechase Adds Browser Play to Every Experience
- HER Patio Productions celebrates one-year Anniversary of "Say Grace"
- Working Musicians Academy Partners with Black Dog Music Partners to Give Musicians Independent, Income-Producing Careers
- Omnitronics launches Ecosystem Health Dashboard to enable proactive monitoring across dispatch environments
"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
- New Research Identifies "The Great Junk Transfer": 49% of Americans Would Rather Inherit Nothing Than Sort Through a Relative's Belongings
- Minus K Technology launches it Educational Giveaway for Universities and Colleges in the USA
- UK Financial Ltd Verifies Maya Preferred PRA Circulating Supply, Proving Its Eight-Year Promise of Under 1M Tokens After Chainlink Labs Agreement
- Anamorphic 3D Only Works on Fixed Screens. Loud! OOH Put It on a Moving Ad Van for Flood Re
- From DJ Booths to Disney: Orlando Author Ryan Tiffin Launches "Chasing Magic"
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
- $620 Million in Recent Government Contract Awards with More Than $1.2 Billion in Annualized Revenue: Circle8 Group (N A S D A Q: CIRC)
- Lewis County Hydrogen Alliance Launches Phase 1 Work to Turn Forest Residuals into Fuel-Grade Hydrogen and Dispatchable Clean Power
- Next Gen Fibre Selects netElastic vBNG and CGNAT to Fuel Rapid Nationwide Expansion and Eliminate Network Bottlenecks
- Boston Industrial Solutions, Inc. Introduces SAP-G70 Primer for bonding silicone to silicone and other materials
- 'Reflections: Enlightening Insights Into the Divine Mystery' — The Latest Book by Philosopher Steven Colborne
- Scott G. Hoy of Hoy Law Earns 11th Consecutive Super Lawyers Selection
- Brother Marcus Unlocks the Vault
- L2 Aviation Selected for U.S. Air Force KC-46 CASPER Multiple Award Contract
- Leeds Billboard Campaign Drives 188% Traffic Uplift as AI Enquiries Rise 266% for Loud! OOH
- Sister Files Lawsuit Against Georgia Funeral Home for Alleged Mishandling of Brother's Remains
- KeysCaribbean Resorts Offer Savings On Summer Vacations Now Through Aug. 31
- Crossroads4Hope Announces The Lipschutz Women's Fund
- AI, Drones, Defense & Explosive Growth: Why ZenaTech Is Emerging as One of the Most Compelling Technology Growth Stories (N A S D A Q: ZENA)
- 91 Per Cent of Enterprises Will Increase AI Spending. Most Can't See the Cost — or the Risk!
- Harrisburg's newest restaurant, Eleve, sells out entire inventory during Grand Opening
- New ProEssentials v11: Native WinUI Charting Library, 100M Points in 15ms, Following Microsoft's Vision for True Native Swap-Chain Rendering
- New AI Customer Segmentation Guide Warns Marketers Not to Confuse Technical Precision With Business Value
- Salestrics Releases Version 2.0 to Unify CRM, Business Email, and Operations on a Single Customer Graph
- Aderra Opens in Magnolia, Texas, Offering a New Model for 62+ Homeownership
- What's New in Hokkaido, Autumn 2026