Macquarie Asset Management has introduced a new exchange-traded fund (ETF), the Macquarie Focused International Core Equity ETF (EXUS). This ETF aims to provide investors with access to the firm's international core equity strategy, mirroring the objectives of Macquarie's International Core Equity mutual fund. Managed by the Global Equity Team, EXUS targets 35-45 stocks with underappreciated long-term earnings potential.
Aditya Kapoor, Senior Portfolio Manager for Macquarie's Global Equity Team, stated, "We look for singles and doubles over home runs, in an effort to deliver consistent returns." He emphasized that EXUS is designed to invest in self-sustaining business models within a balanced and diversified portfolio.
Anthony Caruso, Head of ETF Strategy at Macquarie Asset Management, expressed enthusiasm about offering this strategy in an ETF format. "EXUS expands upon our current active equity-focused suite," he said. The fund provides exposure to developed international and emerging market securities through a curated portfolio.
The launch comes amid news that Macquarie Group Limited and Nomura Holding America Inc. have agreed on a transaction where Nomura will acquire Macquarie Asset Management’s US and European public investments business. The deal is expected to close by the end of 2025 after receiving necessary approvals.
The ETFs are actively managed by Delaware Management Company, part of Macquarie Investment Management Business Trust. They do not replicate specific indices but are traded on exchanges at market prices which may differ from their net asset value (NAV).
Investors are advised to consider investment objectives and risks before investing. Detailed information can be found in the fund's prospectus available online or via contact numbers provided by Macquarie.
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