Macquarie Asset Management enters the U.S. exchange-traded fund (ETF) market

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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).


ETF Newz Says:

BILD and PWER are global thematic stock ETFs focusing on infrastructure firms and companies transitioning away from fossil fuels, respectively. On the other hand, STAX invests in tax-exempt U.S. bonds with maturities ranging from one to five years. These actively managed ETFs expand Macquarie’s presence in the growing U.S. ETF market.


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