Vident Asset Management Congratulates Brown Advisory on the Launch of Its First ETF
19 November 2024 - 3:00PM
Business Wire
Vident acts as sub-adviser to new fund from
leading independent global investment management and strategic
advisory firm
Vident Asset Management (“Vident”), a leading provider of a
range of asset management and sub-advisory services, is today
congratulating its client Brown Advisory on the launch of the Brown
Advisory Flexible Equity ETF (BAFE).
BAFE launched on November 18, 2024, with $913 million in
assets.
Vident acts as sub-advisor for BAFE, the first ETF from Brown
Advisory, a fund designed to provide investors with exposure to
domestic equities utilizing Brown Advisory’s proprietary “Flexible
Equity” methodology which seeks to provide long-term performance in
value names in both growth and value market cycles.
In bringing this fund to market, Brown Advisory and Vident
partnered to utilize a 351 transaction to convert a number of
Brown’s separately managed accounts into this single new ETF, given
the potential that the ETF wrapper has to provide improved tax
treatment and other benefits for Brown Advisory clients.
“We are thrilled to help welcome our colleagues at Brown
Advisory to the fast-growing ETF ecosystem,” said Amrita
Nandakumar, President of Vident. “Both of our firms have a
commitment to putting the client first in all that we do, so it has
been a true pleasure to work with their team on the journey from
idea to launch day. We congratulate them on the launch of BAFE,
which adds a powerful new portfolio construction tool to the
building blocks available for advisors and investors.”
For more information on Vident Asset Management, please visit
https://videntam.com/.
About Vident Asset Management
At Vident Asset Management (“Vident”), we bring expert thinking,
technical and operational capability, and seamless execution to a
diverse set of partners so they can provide their clients with
specialized exposure solutions. The cornerstones of Vident are its
accumulated knowledge, technical and operational expertise, and
entrepreneurial spirit centered around our people, capabilities,
and long-standing relationships with what we believe are
best-in-class service providers.
As of October 31, 2024, Vident managed approximately $10.4
billion in assets across its proprietary ETF suite and sub-advised
US-listed ETFs, UCITS, UCITS ETFs, separately managed accounts,
CITs, and private funds.
Vident offers asset management and sub-advisory services, as
well as quantitative research, data, index research and execution,
and portfolio and strategy design services. Vident currently
sponsors the Vident ETFs, a suite of four multi-factor index
strategies and has designed several separately managed account
(SMA) platforms on behalf of its clients, including direct indexing
SMAs.
Our success and that of our clients is a result of intellectual
curiosity and inspired collaboration. Through the blending of
diverse and deep experience, we help clients tackle their most
important challenges, assess new opportunities, and deliver
innovative and useful solutions. For more information, visit
https://videntam.com/.
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version on businesswire.com: https://www.businesswire.com/news/home/20241119291443/en/
Chris Sullivan Craft & Capital chris@craftandcapital.com
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