Capital Group Plans Push Into ETF Market With BlackRock Hire
- Equity and fixed-income products set to debut in early 2022
- Former BlackRock exec Holly Framsted to become head of ETFs
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Capital Group is gearing up to launch a slate of actively managed exchange-traded funds and hiring a former BlackRock Inc. executive to lead the way.
The Los Angeles-based investment firm with more than $2 trillion in assets plans to release both equity and fixed-income ETF strategies early in 2022, according to a company statement.