Eagle Capital Management made its inaugural foray into the ETF realm on Monday, unveiling the Eagle Capital Select Equity ETF (NYSE Arca: EAGL).
This ETF boasts a net expense ratio of 0.80% and is actively managed with a focus on surpassing the returns of the U.S. equity market.
“Here at Eagle, our clients always come first. The launch of this ETF is a response to the strong demand from our clients and their advisors who appreciate the advantages of this investment vehicle, including its simplicity, liquidity, potential tax efficiency, and usability in asset allocation. We eagerly embrace the chance to partake in the growth of active ETFs, which are increasingly favored by sophisticated investors, advisors, and asset allocators,” expressed Eagle Capital Management CEO Michael Falcon.
The fund primarily invests in equity securities, shares in equity-invested companies, and depositary receipts, as outlined in the fund prospectus. The investment strategy zeros in on long-term returns, underpinned by fundamental research aimed at identifying undervalued securities for sustained gains. Moreover, the fund managers assess stocks for downside protection to ascertain their capacity to retain value during financial tumult.
Typically holding between 15 and 35 securities, the fund leans towards large-cap companies for investment purposes, though there is leeway to explore investments in smaller stocks.
A Legacy of Seasoned Expertise
Eagle Capital Management highlights that the fund’s investment team boasts an average of 23 years of experience. Leading the charge as the fund’s portfolio manager is Alec Henry, the Managing Chief Investment Officer at the issuer.
“Our guiding light is to invest in undervalued firms with unappreciated long-term growth prospects. Our goal is to safeguard, conserve, and augment our clients’ capital. Eagle Capital’s emphasis on the long run sets us apart from the majority of managers in an increasingly short-term-oriented investment environment. We are privileged to have longstanding clients who share our vision and have confidence in our capabilities,” he remarked.
The fund’s inception was in tandem with the Goldman Sachs ETF Accelerator. Eagle Capital Management was established in 1988 and currently manages $26 billion in assets.
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