BetaShares Legg Mason Equity Income Fund
Australian ETF Manager, BetaShares, and global asset management group, Legg Mason, have teamed up to launch an income-oriented active ETF - the BetaShares Legg Mason Equity Income Fund (managed fund) (ASX: EINC) - on the Australian Securities Exchange (ASX).
The fund aims to provide investors exposure to a diversified portfolio of high-quality Australian companies with solid earnings that can sustain higher dividends. In a release, BetaShares and Legg Mason said they also seek companies that are likely to be less volatile than the wider equity market. The fund is based upon the strategy used by the Legg Mason Martin Currie Equity Income Fund.
BetaShares and Legg Mason have also launched the BetaShares Legg Mason Real Income Fund (managed fund) (ASX: RINC).