Legg Mason Launches Affordable Short Duration Income ETF

Timothy Gilligan, Head of ETF Sales, RIA Channel, Legg Mason met with Julie Cooling, Founder & CEO, RIA Channel to discuss the launch of short duration income ETF, WINC. Legg Mason, an actively managed shop, prides itself on being a “provider of choice.” This means offering investors access to a variety of strategies and vehicles. In today’s environment, explains Gillian, it makes sense bring more cost effective, tax efficient products to market. With the recent launch of the Western Asset Short Duration Income ETF (WINC), Legg Mason now offers 13 predominantly active ETFs. WINC, released at 29 basis points, is one of the most affordable short term active bond ETFs on the market today. Over the next year, the firm plans to continue building out their active ETF suite, as well as create educational content geared towards supporting the advisor community.