ETF Watch: Legg Mason Plans ClearBridge Fund

Legg Mason files for an actively managed ETF that will target companies expected to see growth in earnings and free cash flow.
Reviewed by: Staff
Edited by: Staff

Legg Mason has filed for an actively managed ETF subadvised by one of its affiliates, ClearBridge Investments. The ClearBridge All Cap Growth ETF seeks to target companies that are likely to see above-average long-term earnings and cash flow growth via a bottom-up investment process.

The ETF can invest in stocks across the market capitalization spectrum and, according to the prospectus, seeks to invest in “inefficiently priced companies with strong fundamentals, incentive-driven management teams, dominant positions in niche markets and/or goods and services that are in high customer demand.”

The fund’s managers rely on fundamental research, much of it supplied by ClearBridge’s sector analysts. Because the fund seeks long-term growth, the prospectus notes that the portfolio will typically have low turnover, but market conditions could cause the fund’s managers to become more active in their investment approach.

The ETF is slated to list on the Nasdaq stock market and have an expense ratio of 0.59%. The filing did not include a ticker.

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