ETFs
Capital Group launches seven active ETFs
Capital Group has launched seven new active ETFs, its largest launch to date, and includes the firm’s first emerging markets ETF.
With these seven, Capital Group’s active ETF count now stands at 21. Prior to the launch, the firm’s ETF business had $30.6 billion in assets under management as of June 21. Globally and across all platforms, the firm managed approximately $2.5 billion as of December 31.
The seven new ETFs include the Capital Group Actions New Geography ETF (CGNG) and the Capital Group Global Equities ETF (CGGE).