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

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

Rating:A San Fran Startup Adds a 2nd Active ETF Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, March 1, 2023

A San Fran Startup Adds a 2nd Active ETF

Reported by Neil Anderson, Managing Editor

The team at a California startup with an activist, ESG focus is rolling out their second active ETF.

Jennifer Lisa Grancio
Fund Management at Engine No. 1
Last month, Eli Horton, head of active ETF investments at Engine No. 1, and Yasmin Dahya Bilger, head of ETFs, unveiled the launch of the Engine No. 1 Transform Supply Chain ETF (SUPP on the CBOE). The new fund is a series of the San Francisco-based firm's Engine No. 1 ETF Trust.

SUPP's inception date was February 14, and as of yesterday it had grown to $9.827 million in AUM. The new fund comes with an expense ratio of 75 basis points.

Fund Management at Engine No. 1 LLC serves as SUPP's investment advisor. The new fund's PM team includes: Horton as lead portfolio manager; Christopher James, founder, chief investment officer, and executive chairman of Engine No. 1; and Molly Landes, director of ETF portfolio management.

SUPP's strategy is to bet on what the Engine No. 1 team describes as the "relocalization of jobs and supply chains, increased automation, and transporation efficiency."

"We will invest in the companies that will drive and benefit from the ongoing supply chain transformation — creating long-term economic value and meaningful social and environmental impacts," Horton states.

"We believe the entire supply chain system is changing and that transformation presents a once-in-a-generation opportunity for investors," Dahya Bilger states. "We're building a portfolio that capitalizes on the transition from old technologies to new ones, from short-term expediency to long-term value creation, and away from the low-cost-at-all-costs thinking of the last 30 years towards a more resilient and modern American economy that is a leader in global competitivenes and that creates well-paying jobs here at home."

SUPP's other service providers include: Brown Brothers Harriman & Co. (BBH) as administrator, custodian, fund accountant, and transfer agent; Cohen & Company, Ltd. as independent accounting firm; Foreside Financial Services, LLC as distributor; Foreside Fund Officers Services, LLC as provider of a chief compliance officer, a principal financial officer, and a treasurer; Institutional Shareholder Services Inc. (ISS) as independent proxy voting advisory firm; and Ropes & Gray LLP as legal counsel. 

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

 Do You Recommend This Story?

Return to Top
 News Archives
2023: Q4Q3Q2Q1
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:
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