Last Great ETF Holdout Caves as Capital Group Launches Funds
- Active-management firm set to see six ETFs debut on NYSE
- Signals effort to challenge BlackRock, Vanguard Group
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Capital Group, one of the last major holdouts to the ETF revolution, is wading in after sitting on the sidelines for over a decade.
The company is launching six actively managed exchange-traded funds that are set to debut on the New York Stock Exchange Thursday. One will focus on fixed income, three will invest primarily in U.S. equities, and two will be devoted to global stocks. The funds’ expense ratios range from 0.33% to 0.54%.