BetaShares Legg Mason Emerging Markets Fund (EMMG)
Legg Mason and BetaShares have launched an emerging market equity active exchange traded fund - the BetaShares Legg Mason Emerging Markets Fund (EMMG). The fund is the fourth active ETF launched through the strategic partnership between the two organisations.
The fund is managed by Martin Currie, a high-conviction equity manager that has been managing an unlisted Australian managed fund version of the emerging markets strategy on which EMMG has been based since September 2011. Martin Currie is an affiliate of Legg Mason.
“Emerging markets, which now dominate world economic production, also lead future global economic expansion. The International Monetary Fund predicts these economies will achieve average GDP growth of almost 5% per annum over the medium term, a result that advanced economies will not match," Legg Mason managing director, Australia and New Zealand, Andy Sowerby, said.