Legg Mason Launches First Actively Managed Taxable Fixed Income ETF Subadvised by Western Asset Management Company, LLC

Legg Mason today announced it has launched its first actively managed taxable fixed-income ETF, sub-advised by Western Asset Management Company, LLC, a Legg Mason affiliate and globally integrated fixed-income manager. The Western Asset Total Return ETF [WBND] seeks to maximize total return consistent with prudent investment management and liquidity needs.