M&G makes active ETF debut with £350m initial investment
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M&G has made its debut in the active exchange-traded fund (ETF) market with an initial investment, reported to be either £350m or €200m. The company is entering the collateralized loan obligation (CLO) ETF market, which is reportedly sized at €2bn. The launch is part of M&G's expansion into active ETFs, with some reports indicating a multi-fund debut.
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