Victory Capital Expands VictoryShares® ETF Offering
12 Oktober 2022 - 3:04PM
Business Wire
Introduces VictoryShares WestEnd U.S. Sector
ETF
Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital”
or the “Company”) today announced that its wholly owned investment
adviser, Victory Capital Management Inc., has launched a new active
exchange-traded fund (ETF), VictoryShares WestEnd U.S. Sector
ETF (MODL).
WestEnd Advisors, LLC (“WestEnd”), a Victory Capital Investment
Franchise, has a long history of managing third-party ETF model
strategies that are available on many of the largest intermediary
distribution platforms. This new product delivers an investment
approach that mirrors WestEnd’s existing U.S. Sector Strategy in a
single ETF.
“We are incredibly excited to offer this time-tested approach to
managing model-based strategies to our clients in an active,
transparent ETF wrapper, which provides ease of trading, lower
account minimums and tax efficiency, among other benefits,” said
Mannik Dhillon, CFA, CAIA, President, VictoryShares and Solutions.
“By expanding our suite of available vehicles, we are providing
financial advisors the flexibility to choose how they access proven
investment capabilities for their clients’ varying needs.”
MODL seeks to achieve favorable returns through active sector
selection and avoidance, based on WestEnd’s evaluation of the
macroeconomic and market environment. The team’s disciplined
approach, developed in 1996 and implemented with third-party ETFs
since 2005, combines high-conviction active management with the
diversification of investing in passive index-based sector ETFs and
active avoidance of select sectors to help mitigate risk.
“We are pleased to broaden investor access to WestEnd’s U.S.
Sector Strategy with the launch of this ETF, which employs our
existing approach and belief that sector performance is tied
directly to the path of economic growth,” Mike Goldman, Managing
Partner for WestEnd said. “In WestEnd’s view, actively allocating
to sectors in their economic time and avoiding those facing
headwinds can offer the opportunity for outperformance throughout
the economic cycle.”
WestEnd’s process starts with an in-depth analysis of the
macroeconomic environment to anticipate areas of strength and
weakness. Then, the investment team considers each sector’s
relative economic sensitivity in conjunction with its macroeconomic
outlook in making sector allocation and avoidance decisions.
Finally, they use low-cost ETFs from leading U.S. providers to gain
their desired sector exposures. The result is a low-turnover
portfolio of select sector allocations that WestEnd believes will
deliver superior returns given its macroeconomic outlook.
About Victory Capital
Victory Capital is a diversified global asset management firm
with $147.3 billion in assets under management as of September 30,
2022. It was ranked ninth on Fortune’s list of the 100 Fastest
Growing Companies for 2021. The Company operates a next-generation
business model combining boutique investment qualities with the
benefits of a fully integrated, centralized operating and
distribution platform.
Victory Capital provides specialized investment strategies to
institutions, intermediaries, retirement platforms and individual
investors. With 12 autonomous Investment Franchises and a Solutions
Platform, Victory Capital offers a wide array of investment
products, including mutual funds, ETFs, separately managed
accounts, alternative investments, third-party ETF model
strategies, collective investment trusts, private funds, and a 529
Education Savings Plan.
For more information, please visit www.vcm.com or follow us:
Twitter and LinkedIn
Past performance is not indicative of future results.
Carefully consider a fund's investment objectives, risks,
charges and expenses before investing. To obtain a prospectus or
summary prospectus containing this and other important information,
visit www.victorysharesliterature.com. Read it
carefully before investing.
Victory Capital Management Inc. serves as the Fund’s investment
adviser. WestEnd is responsible for the day-to-day management of
the Fund.
VictoryShares ETFs are distributed by Foreside Fund Services,
LLC, member FINRA. Victory Capital Management Inc. is the adviser
to the VictoryShares ETFs. Victory Capital is not affiliated with
Foreside Fund Services, LLC.
Investments involve risk including possible loss of
principal. ETFs have the same risks as the underlying
securities traded on the exchange throughout the day. Redemptions
are limited and often commissions are charged on each trade, and
ETFs may trade at a premium or discount to their net asset
value.
©2021 Fortune Media IP Limited All rights reserved. Fortune is a
registered trademark of Fortune Media IP Limited and is used under
license. Fortune and Fortune Media IP Limited are not affiliated
with, and do not endorse products or services of, Victory Capital
Management Inc.
Fortune’s annual list ranks the top performing, publicly traded
companies in revenues, profits and stock returns over the
three-year period ended April 30, 2021.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221012005306/en/
Investors: Matthew Dennis, CFA Chief of Staff Director,
Investor Relations 216-898-2412 mdennis@vcm.com
Media: Jessica Davila Director, Global Communications
210-694-9693 Jessica_davila@vcm.com
Victory Capital (NASDAQ:VCTR)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Victory Capital (NASDAQ:VCTR)
Historical Stock Chart
Von Jul 2023 bis Jul 2024