MutualFundWire.com: A $610B-AUM Multinational Adds Its 5th U.S. ETF

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Friday, September 6, 2024

A $610B-AUM Multinational Adds Its 5th U.S. ETF

The team at a $610-billion-AUM (as of June 30) asset manager is rolling out their fifth ETF for U.S. investors. The firm is part of a 55-year-old, 20,600-employee multinational.

Shawn K. Lytle
Macquarie Group / Macquarie Asset Management / Delaware Funds
Head of Americas / Head of Equities & Multi-Asset / President

Yesterday, Anthony Caruso, head of ETF strategy at Macquarie Group's Macquarie Asset Management (MAM) [profile], and Linda Bakhshian, deputy chief investment officer of equities and multi-asset, unveiled the launch of the Macquarie Focused Emerging Markets Equity ETF (EMEQ on the Nasdaq). Delaware Management Company, a series of Macquarie Investment Management Business Trust, serves as the new ETF's investment advisor, while Macquarie Investment Management Global Limited (MIMGL) serves as subadvisor.

Like Macquarie's first four U.S. ETFs (three of which launched in November 2023 and the last of which debuted in May 2024), EMEQ is an actively managed series of the Macquarie ETF Trust. It is a non-diversified fund built on a portfolio of between 35 and 60 stocks, and Liu-Er Chen, managing director and head of emerging market equity at MAM, serves as portfolio manager.

EMEQ's inception was this Wednesday (September 4), and the fund comes with an expense ratio of 85 basis points. As of yesterday, the new ETF had $5 million in AUM.

Caruso describes EMEQ as addressing "the growing investor demand for fundamental, active solutions in a more nascent category within the ETF market." Bakhshian adds that the new fund's "approach is grounded in bottom-up, fundamental analysis of individual companies, placed in the context of evolving secular trends in the global economy."

"We believe the team's time-tested investment approach, which analyzes structural changes to identify companies that are well positioned across the value chain, can generate superior returns for our investors," Bakhshian states.

EMEQ's other service providers include: ACA's Foreside Financial Services, LLC as distributor; JPMorgan Chase Bank as custodian, fund accountant, and transfer agent; Morgan, Lewis & Bockius as counsel; and PricewaterhouseCoopers LLP as independent counsel.

Editor's Note: A prior version of this story inaccurately described the new Macquarie Focused Emerging Markets Equity ETF's place in Macquarie's suite of U.S. offerings. To confirm, the new ETF is Macquarie's 5th ETF for U.S. investors.

Printed from: MFWire.com/story.asp?s=67878

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