This Weeks ETF Launches: A Big Name’s Big Launch
June 07, 2016 at 14:02 PM EDT
With exchange traded funds (ETFs) continuing to rack up the lion’s share of investors’ money, the sponsors of more traditional investment vehicles have taken notice ‒ especially those who have spent decades building up huge offerings of mutual funds. We’ve already seen mutual fund powerhouses like Fidelity, Oppenhiemer, Legg Mason, and John Handcock take the ETF plunge in order turn back the tide of potential redemptions. Now we can add another powerhouse to that list.