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 |
|
Tuesday, March 25, 2025 1Y In, a Gotham ETF's AUM Soars to $2.4B The team at a 37-year-old, $31-billion-AUM, concentrated value equity asset manager are celebrating the first birthday their first ETF. Yesterday (March 24), Michael Falcon, CEO of Eagle Capital Management, and John Galateria, head of the client team, highlighted the recent one-year anniversary of the Eagle Capital Select Equity ETF (EAGL on the NYSE Arca). EAGL's inception date was March 21, 2024. New York City-based Eagle serves as investment advisor to EAGL, and the fund comes with an expense ratio of 80 basis points. The Eagle team confirms that EAGL debuted last year with about $1.8 billion in AUM, and as of yesterday it had grown to $2.41 billion. The PM team for EAGL includes: Ravenel B. Curry III, co-chief investment officer; Alec Henry, managing CIO; and Adrian Meli, co-CIO. Falcon describes Eagle's "disciplined, long-term strategy" as "unique from most managers." "It's great that advisors and consultants now have an easy, tax-efficient way to access our capabilities," Falcon states. Galateria contrasts EAGL with today's "crowded, concentrated, and expensive" index funds. "Given the current market volatility, valuations, and index composition, there are real opportunities to enhance diversification and returns with the right manager," Galateria states. EAGL is an actively managed, non-diversified series of the 2023 ETF Series Trust. The ETF's other service providers include: the Bank of New York Mellon as administrator, custodian, dividend disbursing agent, and transfer agent; Deloitte & Touche LLP as independent accounting firm; ACA's Foreside Fund Officer Services, LLC as provider of an anti-money laundering officer, a chief compliance officer, a president, a secretary, and a treasurer; Foreside Fund Services, LLC as distributor- Goldman Sachs' GS ETF Accelerator as consultant to Eagle; and Morgan, Lewis & Bockius LLP as counsel. Printed from: MFWire.com/story.asp?s=69687 Copyright 2025, InvestmentWires, Inc. All Rights Reserved |