Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:A 52-Year-Old Firm Teams Up to Power a New ETF Not Rated 5.0 Email Routing List Email & Route  Print Print
Friday, November 11, 2022

A 52-Year-Old Firm Teams Up to Power a New ETF

Reported by Neil Anderson, Managing Editor

A liquid alts shop is teaming up with a 52-year-old capital markets research firm to power a new passive fund.

Gregory David "Greg" Bassuk
AXS Investments LLC
Chairman, CEO
Today, Greg Bassuk, CEO of AXS Investments LLC [profile], and Brendan Wood, chairman and CEO of Brendan Wood International (BWI), unveil the launch of the AXS Brendan Wood TopGun Index (TGN on the NYSE Arca, Inc.). The new fund's inception date was Tuesday, and it's a series of the Investment Manager Series Trust II.

TGN comes with an expense ratio of 98 basis points. It is a passively managed fund, designed to track the Brendan Wood TopGun Index, which debuted back in 2010 and includes about 25 companies that are in the top two percent of the "Brendan Wood Shareholder Conviction Universe," drawing on BWI's "TopGun" concept and labeling of certain companies.

New York City-based AXS serves as TGN's investment advisor, and Toronto-based BWI serves as index provider. The fund will be PMed by Parker Binion (a portfolio manager at AXS) and Travis Trampe (vice president of portfolio management and product management at AXS).

The new fund, according to Bassuk, is designed to "provide exposure to the best quality stocks in the highest demand sectors."

"We are excited to partner with Brendan Wood in brining first-of-its-kind access for individuals to their world-renowned TopGun philosophy and methodology," Bassuk states. "While select institutions have benefited from Brendan Wood's TopGun access for decades, the TGN ETF offers those same investment attributes to the broader investing public."

Wood puts BWI's team up with AXS in the context of AXS's aim of "challenging the statuos quo with unique investment ideas."

"In seeking an entrepreneurial asset management firm to introduce the TopGun concept to the public market, we sought out a creative and disciplined invesetment manager who would exercise due diligence and approach the market with a game changer concept," Wood states. "AXS patiently subjected the TopGun concept to meticulous examiniation and concluded that its clients would benefit from an ETF dedicated to the TopGun Index."

The new fund's other service providers include: Brown Brothers Harriman & Co. (BBH) as custodian, fund accounting agent, and transfer agent; IMST Distributors, LLC as distributor; Morgan, Lewis & Bockius LLP as counsel; Mutual Fund Administration, LLC (MFAC) as co-administrator; Tait, Weller & Baker LLP as independent accountant; and UMB Fund Services, Inc. (UMBFS) as co-administrator. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

5.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2023: Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2023
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use