By Andrei Skvarsky.
Macquarie, a global financial services group, has launched an active large-growth exchange-traded fund (ETF), which began trading on the NYSE Arca exchange in New York on May 15.
The Macquarie Focused Large Growth ETF (LRGG ETF) is the fourth active ETF of Macquarie Asset Management, a division of the Sydney-headquartered group.
The three previous funds – Macquarie Global Listed Infrastructure (BILD), Macquarie Energy Transition (PWER) and Macquarie Tax-Free USA Short Term (STAX) – were launched in November 2023.
The LRGG ETF project is managed by Macquarie Asset Management’s large-cap growth team, Bradley Klapmeyer and Bradley Angermeier, Macquarie said in a statement.
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