Australian financial-services firm Macquarie Asset Management has entered the U.S. exchange-traded fund (ETF) market with the launch of its first three U.S.-listed ETFs. Macquarie, which manages over $575 billion in assets, has been involved in the ETF industry for years as a custodian, market maker, and advisory firm. The newly launched ETFs include the Macquarie Global Listed Infrastructure ETF (BILD), the Macquarie Energy Transition ETF (PWER), and the Macquarie Tax-Free USA Short Term ETF (STAX).