First Eagle Investments Introduces Active Equity ETFs
First Eagle Investments has recently unveiled its first active exchange-traded funds (ETFs), the First Eagle Global Equity ETF (FEGE) and the First Eagle Overseas Equity ETF (FEOE). These exciting additions are now trading on the New York Stock Exchange, marking a significant step for the company.
Investment Strategies for New ETFs
The First Eagle Global Equity ETF (FEGE) is designed to invest at least 80% of its assets in equities of both US and global issuers, with a commitment to directing at least 40% toward non-US stocks under typical market conditions. The project is managed by the esteemed Global Value team at First Eagle, featuring Co-Heads Matt McLennan and Kimball Brooker, alongside their skilled colleagues Julien Albertini, Manish Gupta, and Adrian Jones.
Focus on Non-US Equities
The First Eagle Overseas Equity ETF (FEOE) takes a different approach, concentrating on non-US investments whereby it allocates at least 80% of its assets internationally during normal market conditions. The management team overseeing FEOE includes recognizable faces from the Global Value team, including McLennan, Brooker, Jones, and new additions Alan Barr and Christian Heck.
Investor Empowerment and Flexibility
According to Frank Riccio, Head of US Wealth Solutions and Strategic Relationships, these active equity ETFs embody First Eagle’s innovative investment style and offer sellers access to their exceptional stock selection strategies. He comments, “Our goal is to give financial advisors the resources and choices they need to meet the ever-evolving demands of their clientele, reflecting the industry's shift towards increased tax efficiency and flexibility in investment vehicles.”
Collaboration with RBB Fund Complex
To facilitate the market introduction of FEGE and FEOE, First Eagle is partnering with the RBB Fund Complex, recognized as the oldest operating multi-series trust in the industry. Steve Plump, CEO of RBB, expressed enthusiasm about this collaboration, noting, “We believe that active ETFs will catalyze growth within the expanding ETF market, and we are thrilled to support First Eagle in this endeavor.”
Commitment to Quality and Value
This ETF launch is a monumental milestone for First Eagle, showcasing their decades-long tradition of excelling in volatile markets with a sincere dedication to quality and value. The firm is committed to offering its clients a plethora of investment opportunities that extend its expertise across various platforms, including mutual funds and other financial products.
A Legacy of Investment Management
First Eagle Investments is a distinguished private investment management firm based in New York. As of the latest reports, the firm manages approximately $149 billion in client assets, reflecting its robust reputation in the investment sector.
The company prides itself on a principle-driven investment approach that mitigates downside risks. Since its inception in 1864, First Eagle has been focused on assisting clients in avoiding permanent capital impairment while pursuing attractive investment returns during various economic cycles. Their diverse investment capabilities include equities, fixed income, currencies, alternative credits, and real assets, emphasizing their comprehensive expertise.
About the RBB Fund Complex
The RBB Fund Complex and its associated entities provide a seamless ETF and mutual fund solution, allowing investment advisors to concentrate on their asset management responsibilities while RBB handles servicing and governance aspects. They currently manage around $29 billion in assets, which supports a wide range of investment advisors and fund offerings.
Frequently Asked Questions
What are the new ETFs launched by First Eagle Investments?
First Eagle Investments has launched two new active ETFs: the First Eagle Global Equity ETF (FEGE) and the First Eagle Overseas Equity ETF (FEOE).
What is significant about these active ETFs?
These active ETFs utilize a bottom-up research approach to invest in high-quality stocks and provide investors with tax efficiency and comprehensive market exposure.
Who manages the First Eagle ETFs?
The ETFs are managed by First Eagle's Global Value team, led by Co-Heads Matt McLennan and Kimball Brooker, along with other experienced team members.
What investment strategy do these ETFs follow?
The ETFs focus on investing primarily in equities, with FEGE emphasizing both US and international stocks and FEOE concentrating on non-US equities.
How does First Eagle Investments ensure client asset protection?
The firm uses a prudent investment strategy aimed at downside risk mitigation and emphasizes the importance of capital preservation for their clients.
