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US equity manager brings established long-term investment approach to ETF space in response to strong client demand
New York, March 25, 2024–(BUSINESS WIRE)–Eagle Capital Management (Eagle), a New York City-based independent asset management firm, today announced the launch of its first exchange-traded fund, Eagle Capital Management (Eagle). We launched the Select Equity ETF (NYSE Arca: EAGL).
Founded in 1988, Eagle manages public equity strategies with more than $26 billion in assets under management. The new EAGL ETF relies on the same focused investment philosophy that Eagle has developed since its inception. This disciplined approach is rooted in fundamental research, a strong value orientation, and long-term investment horizons, resulting in a focused, high-conviction portfolio.
“Eagle has always put our clients first, and our clients and their advisors recognize the benefits of this vehicle, including simplicity, liquidity, potential for increased tax efficiency, and ease of use for asset allocation. We launched this ETF due to strong demand, and we welcome the opportunity to participate in the growth of active ETFs and their increasing use by sophisticated investors, their advisors, and asset allocators.” said Eagle CEO Michael Falcon.
Eagle’s investment strategy is managed by a CIO team led by Managing Chief Investment Officer Alec Henry, who is also EAGL’s portfolio manager. Eagle’s experienced investment team of 10 investment professionals have an average of 23 years of experience.
“Our North Star company acquires undervalued companies with unrecognized long-term growth potential. Our objective is to protect, preserve and grow our clients’ capital. Eagle’s long-term focus sets us apart from most other managers in increasingly short-term investments. Our focus on a long-term oriented investment environment sets us apart from most other managers. We are fortunate to have enduring customers who share our vision and have confidence in our capabilities,” Henry said.
The launch of EAGL is a direct result of the company’s focus on customers and responding to their needs, with many Eagle customers deciding to convert their separately managed accounts into EAGL shares. . EAGL was launched in partnership with the Goldman Sachs ETF Accelerator, a digital platform that allows Goldman Sachs customers to quickly and efficiently launch, list and manage their ETFs.
About Eagle Capital Management
Eagle Capital Management, an independent investment management firm, was founded in 1988 with the goal of taking a fundamental, value-oriented approach to investing in equities to build focused, high-conviction portfolios with a long-term investment horizon. was established in The company is 100% owned by his employees and serves sophisticated long-term investors, including pension funds, endowments, foundations, wealth advisors, family offices, and sovereign wealth funds. Eagle Capital is based in New York and has $26.5 billion under management as of December 31, 2023. For more information, please visit https://www.eaglecap.com/.
disclosure
Investors should carefully consider the investment objectives, risks, and fees and expenses of EAGL (the “Fund”) before investing. A prospectus containing this and other information about the Fund is available by calling 212-293-4040. Please read the prospectus carefully before investing.
EAGL is distributed by Foreside Fund Services, LLC, a consultant to the advisor and not affiliated with Goldman Sachs.
The Fund is non-diversified. This means they can invest in securities from a smaller number of issuers than a diversified fund. As a result, the Fund may become susceptible to a single adverse corporate, economic or political event affecting one or more of these issuers, and investments may experience increased volatility. Investing in ETFs involves risks such as possible loss of principal. American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) are subject to the risks associated with direct investment in foreign securities. Additionally, investments in ADRs and GDRs may be less liquid than the underlying stocks in major trading markets. Investing in emerging market securities is considered speculative and may involve increased risks in addition to the general risks of investing in foreign securities. Fund investments in foreign currencies and securities denominated in foreign currencies are subject to currency risk. The Fund is actively managed and may not achieve its investment objectives based on the success or failure of the Adviser in implementing its investment strategy in the Fund. There is a risk with new or smaller funds that their performance may not reflect the long-term expectations or performance of the fund. Additionally, new funds have limited operating histories that investors can evaluate, and newer, smaller funds may not be able to attract sufficient assets to achieve investment and trading efficiency. The Fund is an ETF, a fund that trades like any other publicly traded security. ETFs may trade at a premium or discount to NAV. ETF shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage fees reduce returns. This fund is not an index fund.
View source version on businesswire.com. https://www.businesswire.com/news/home/20240325929892/en/
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