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), an independent asset manager based in New York, today launched its first exchange-traded fund, the Eagle Capital Select Equity ETF (NYSE Arca: EAGL).
Eagle, founded in 1988, manages a public equity strategy with more than $26 billion in assets under management. The new EAGL ETF relies on the same focused investment philosophy that Eagle has applied since its inception. This disciplined approach is rooted in fundamental research, a strong value orientation and a long-term investment horizon, resulting in a concentrated, highly-conviction portfolio.
“Eagle always puts clients first and we are launching this ETF due to strong demand from our clients and their advisors who recognize the benefits of this vehicle, including its simplicity, liquidity, potential for greater tax efficiency and ease of use in allocating assets 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 Michael Falcon, CEO of Eagle.
Eagle’s investment strategy is managed by its IT team, led by Alec Henry, Managing Chief Investment Officer, who is also EAGL’s Portfolio Manager. Eagle’s experienced investment team of 10 investment professionals has an average of 23 years of experience.
“Our North Star buys undervalued companies with unrecognized long-term growth potential and our goal is to protect, preserve and grow our clients’ capital. Eagle’s focus on the long term sets us apart from most other increasingly short-term managers. term-oriented investment landscape and we are fortunate to have long-term clients who share our vision and are confident in our capabilities,” said Mr. Henry.
The launch of EAGL is a direct result of the firm’s focus on clients and meeting their needs, with a number of Eagle clients deciding to convert separately managed accounts into EAGL shares. EAGL launched in partnership with Goldman Sachs ETF Accelerator, a digital platform that enables Goldman Sachs clients to launch, list and manage ETFs quickly and efficiently.
About Eagle Capital Management
Independent investment manager Eagle Capital Management was established in 1988 to invest in stocks with a fundamental, value-oriented approach to build a concentrated, highly compelling portfolio with a long-term investment horizon. The firm is 100% employee-owned and serves sophisticated long-term investors such as pension funds, endowments, foundations, wealth advisers, 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, please visit https://www.eaglecap.com/.
Disclosures
An investor should carefully consider the investment objectives, risks and fees and expenses of EAGL (the “Fund”) before investing. The prospectus, which contains this and other information about the Fund, may be obtained by calling 212-293-4040. Please read the prospectus carefully before investing.
EAGL is distributed by Foreside Fund Services, LLC, unaffiliated with Goldman Sachs, a consultant to the Adviser.
The fund is non-diversified, meaning it may invest in securities of fewer issuers than a diversified fund. As a result, the Fund may be more susceptible to a single adverse corporate, economic or political event affecting one or more of these issuers and may experience increased volatility due to its investments in these securities. Investing in ETFs involves risk, including potential loss of principal. American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) are subject to the risks associated with investing directly in foreign securities. In addition, investments in ADRs and GDRs may be less liquid than the underlying shares in their primary trading market. Investments in emerging market securities are considered speculative and are subject to increased risks in addition to the general risks of investing in foreign securities. The fund’s 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 objective based on the success or failure of the Adviser to implement investment strategies for the Fund. A new or smaller fund is exposed to the risk that its performance may not reflect what the fund is expected to perform or may perform over the long term. In addition, new funds have a limited operating history that investors can evaluate, and new and smaller funds may not attract sufficient assets to achieve investment and trading efficiency. The Fund is an ETF, which is a fund that trades like other publicly traded securities. ETFs can trade at a premium or discount to NAV. Shares of each ETF are bought and sold at market prices (not NAV) and are not individually redeemed by the Fund. Brokerage commissions will reduce returns. The fund is not an index fund.
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