Legg Mason Inc. launched two new funds Tuesday that the asset manager hopes will help give it a leg up on competition from passive funds. Money managers like Legg Mason and T. Rowe Price Group Inc. that put clients’ money into actively managed mutual funds are facing stiff competition from companies like Vanguard, which offers passive funds that mirror the market indices. Legg Mason CEO Joseph A. Sullivan told me in an interview last week that passive strategies have become popular because they…
from http://www.bizjournals.com/baltimore/news/2017/05/23/legg-mason-launches-two-new-exchange-traded-funds.html?ana=RSS%26s=article_search
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