Legg Mason Debuts ETFs

Legg Mason has launched four new outcome-oriented index-based exchange-traded funds in partnership with its investment affiliate QS Investors.

The launch of the four ETFs marks the entry of the mutual fund giant into the $3-trillion ETF industry.

Legg Mason calls its new funds “solution-based ETFs”

LM announced today that its four new funds branded under the Legg Mason name began trading on the Nasdaq Stock Market on December 29, 2015.

Three of the new funds take a macro approach to building portfolios and balancing risk to deliver broad market exposure that can complement core portfolios. These...