NEW YORK--(BUSINESS WIRE)--Eagle Capital Management (Eagle), an independent asset manager based in New York City, 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 assets under management of more than $26 billion. The new EAGL ETF relies on the same focused investment philosophy Eagle has deployed 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, high-conviction portfolio.
“Eagle always puts clients first, and we are launching this ETF because of 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 asset allocation. 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, Eagle’s Chief Executive Officer.
The Eagle investment strategy is managed by its CIO team, led by Alec Henry, Managing Chief Investment Officer, who is also the Portfolio Manager of EAGL. Eagle’s seasoned investment team of 10 investment professionals has an average of 23 years of experience.
“Our North Star is buying undervalued companies with unrecognized long-term growth potential, and our aim is to protect, preserve, and grow our clients’ capital. Eagle’s focus on the long-term differentiates us from most other managers in an increasingly short-term oriented investment landscape, and we are fortunate to have enduring clients who share our vision and have conviction in our capabilities,” said Mr. Henry.
The launch of EAGL is a direct result of the firm’s focus on clients and responding to their needs, with a number of Eagle clients deciding to convert separately managed accounts to shares of EAGL. EAGL was launched in partnership with the 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 equities with a fundamental, value-oriented approach to build a concentrated, high-conviction 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 advisors, family offices, and sovereign wealth funds. Eagle Capital is based in New York and as of December 31, 2023 managed $26.5 billion. For more, please visit https://www.eaglecap.com/.
Disclosures
An investor should consider the investment objectives, risks, and charges and expenses of EAGL (the “Fund”) carefully 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, consultant to the adviser.
The Fund is non-diversified, which means that it may invest in the 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 occurrence affecting one or more of these issuers, and may experience increased volatility due to its investments in those 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 markets securities are considered speculative and subject to heightened 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 meet its investment objective based on the Adviser’s success or failure to implement investment strategies for the Fund. A new or smaller fund is subject to the risk that its performance may not represent how the fund is expected to or may perform in the long term. In addition, new funds have limited operating histories for investors to evaluate and new and smaller funds may not attract sufficient assets to achieve investment and trading efficiencies. The Fund is an ETF, which is a fund that trades like other publicly-traded securities. ETFs may trade at a premium or discount to NAV. Shares of any ETF are bought and sold at market prices (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. The Fund is not an index fund.
