Raymond James Investment Management has its sight set on four ETFs, its first foray in the space, while San Francisco-based investment manager Hotchkis & Wiley filed in the first week of January. Meanwhile, Parnassus — a US$46 billion manager that also runs mutual funds — debuted two ETFs in the waning days of 2024.
A fresh batch of Wall Street firms are capitulating to the ETF frenzy with debut funds, competing in an already saturated US$15 trillion ($20.52 trillion) global industry.
Lazard’s asset management arm said this week that it’s looking to launch five new exchange-traded funds and hire people for its newly created global ETF team.
