MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, August 14, 2024 A $12.4B-AUM Boutique Grows Into the ETF Space The team at a $12.4-billion-AUM (as of June 30), Portland area asset manager is entering the ETF space. Their first ETF is an actively managed, non-diversified growth equity fund that is reminiscent of the firm's flagship offering.
JGRW's inception date was yesterday, and by the end of the day the new ETF had $2.552 million in AUM. It comes with an expense ratio of 57 basis points. Lake Oswego, Oregon-based Jensen serves as investment advisor to JGRW. The new fund's PM team includes: Allen Bond, managing director and head of research; Adam Calamar, portfolio manager; Kurt Havnaer, PM; Rob McIver, president and managing director; Eric Schoenstein, managing director and chief investment officer; and Kevin Walkush, PM and head of ESG. The Jensen team is no stranger to investing in quality growth stocks. Indeed, the firm's flagship Jensen Quality Growth Fund is a traditional, open-end mutual fund with $8.9 billion in AUM, four share classes, and an eight-person PM team that includes all six of the new ETF's PMs. "We are excited to offer investors access to our Quality Growth Strategy through the Jensen Quality Growth ETF," Clark states. "This ETF is designed for long-term investors seeking capital appreciation with less risk than the S&P 500 over full market cycles. Our experienced Investment is committed to delivering a conservative investment approach that aligns with our clients' long-term goals." JGRW's other service providers include: Cohen & Company, Ltd. as independent accounting firm; ACA's Foreside Fund Services, LLC as distributor and principal underwriter; Godfrey & Kahn, S.C. as counsel; U.S. Bancorp Fund Services, LLC (dba U.S. Bank Global Fund Services) as administrator, dividend disbursing agent, fund accountant, and transfer agent; and U.S. Bank National Association as custodian. Printed from: MFWire.com/story.asp?s=67784 Copyright 2024, InvestmentWires, Inc. All Rights Reserved |
