today , financial services firm to members of the US ##F , is the latest large insurance / mutual entrant in the insurance market . The predominantly active asset manager plans to create ETF shares from its existing mutual funds , similar to the model used by Vanguard , and is in discussions with the ETF giant over plans to renew its patent for the structure . With its roots in the insurance market , that firm has a long legacy and strong track record in fixed income and is considering launching an active fixed - income fund as its first public offering , a relatively new and growing area in the ETF market .
USAA, financial services firm to members of the US military, is the latest large insurance/mutual entrant in the ETF market. The predominantly active asset manager plans to create ETF shares from its existing mutual funds, similar to the model used by Vanguard, and is in discussions with the ETF giant over plans to licence﻿ its patent for the structure. With its roots in the insurance market, that firm has a long legacy and strong track record in fixed income and is considering launching an active fixed-income fund as its first ETF offering, a relatively new and growing area in the ETF market.