Fund firm, Legg Mason, is planning to offer actively managed ETFs, MutualFundWire reports. Matt Schiffman, head of retail, is looking to benefit from the offering after it failed to take advantage of index-tracking ETFs.

The firm’s panel consisted of Schiffman, John Cammack, who retired from his post as T Rowe Price’s head of third-party distribution, Hugh Kelly of Harbor Funds and Mike Evans of Fuse Research Network. According to Schiffman, people are going to shift towards “outcome-oriented products.”

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