Jefferies Asset Management, a subsidiary of Jefferies Group, has taken the first steps to entering the U.S. ETF market with the filing of a 40-APP seeking the necessary exemptions from the Securities & Exchange Commission.
The filing provides rough details on two initial funds – one that would cover domestic equities and one that would cover domestic fixed income issues. It also indicates that the firm plans to launch additional funds after the first two. Both of the initial funds would track indexes, although no details were provided about the underlying indexes or their providers.
Jefferies Group main subsidiary Jefferies & Company is a global investment bank with operations in 25 cities.
Read the initial 40-APP filing here.
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