MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, February 2, 2024 A $100B-AUM AM Adds a Quality Growth Duo The team at a $100-billion-AUM (as of yesterday), publicly traded asset manager is rolling out a pair of passively managed funds that focus on quality growth stocks.
QSML and QMID's inception date was January 25. Both new funds come with an expense ratio of 38 basis points. WisdomTree serves as index provider to QMID and QSML, WisdomTree Asset Management serves as investment advisor, and Mellon Investments Corporation serves as subadvisor. The two ETFs are powered by Mellon's equity strategies portfolio management team. QSML is designed to track the WisdomTree U.S. SmallCap Quality Growth Index, while QMID is designed to track the WisdomTree U.S. MidCap Quality Growth Index. QMID and QSML's PM team includes: David France, vice president, senior portfolio manager, and team manager at Mellon; Todd Frysinger, VP, senior PM, and team manager; Vlasta Sheremeta, VP, senior PM, and team manager; Michael Stoll, VP, senior PM, team manager; and Marlene Walker-Smith, director and head of equity index portfolio management. Schwartz puts the launch of QSML and QMID in the context of "the recent divergent and rather large spreadsd between major growth indexes." "Having the right index screens and rebalancing process are critical for performance," Schwartz states. "By employing a process that focuses on large-, mid-, and small-cap stocks scoring highly on a combined feaeture set of robust quality (profitability ratios) and strong earnings and sales growth, we believe QMID and QSML are not just sound long-term factor strategies but a great combination for today's macro landscape." QSML and QMID's other serivce providers include: Ernst & Young LLP as independent accounting firm; ACA's Foreside Fund Services, LLC as distributor; Morgan, Lewis & Bockius LLP as counsel; and State Streeet Bank and Trust Company as administrator, custodian, dividend disbursing agent, securities lending agent, and transfer agent. Printed from: MFWire.com/story.asp?s=67002 Copyright 2024, InvestmentWires, Inc. All Rights Reserved |
