Mark Zinkula and his team at a $45-billion-AUMA (as of December 31, 2024) asset manager are entering the ETF space with one active ETF launch and three more coming soon.

Today, Zinkula, CEO of Thornburg Investment Management [profile], unveils the launch of the fund firm's first ETF, the Thornburg International Equity ETF (TXUE). He also reveals plans to add three more ETFs soon — the Thornburg International Growth ETF (TXUG), the Thornburg Core Plus Bond ETF (TPLS), and the Thornburg Multi Sector Bond ETF (TMB). Santa Fe-based Thornburg will serve as investment advisor to all four new ETFs.

TXUE's inception date was today, while TXUG's planned inception date is tomorrow (January 23), and the Thornburg has not revealed when "in the coming months" TMB and TPLS will debut. TXUE debuts today with an expense ratio of 65 basis points and $1.25 million in AUM. TXUG's expense ratio will be 70bps, TPLS' will be 45bps, and TMB's will be 55bps.

The portfolio managers for all four ETFs will be Thornburg managing directors. Lei Wang and Matt Burdett, head of equities, will PM TXUE. Nicholas Anderson and Sean Sun will PM TXUG. Lon Erickson and Christian Hoffmann, head of fixed income, will PM TPLS. And Erickson, Hoffmann, and Ali Hassan will PM TMB.

Zinkula puts Thornburg's new ETF push in the context of his firm's "long-term commitment to meet client demands for solutions with an active, fundamental investment process and high-conviction approach."

"We are excited to enter the ETF market and provide clients with an additional means to access our investment solutions," Zinkula states.

"The buildout for Thornburg's ETF platform represents significant human and capital investments to ensure our infrastructure is scalable and successful for our clients," states Jesse Brownell, global head of distribution.

All four Thornburg ETFs will be series of the Thornburg ETF Trust and will list on the Nasdaq. The funds' other service providers will include: SS&C's Alps Distributors, Inc. as distributor; PricewaterhouseCoopers LLP as independent accounting firm; Ropes & Gray LLP as counsel; and State Street Bank and Trust Company as custodian and transfer agent. 

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