A 13-year-old, $1.7-billion-AUM fund firm has finished converting its offerings into an all-ETF lineup, as planned
Today, Arnold Reichman
, chairman of the RBB Fund, Inc.
series trust, confirms
that, at the end of the day on Friday, the MFAM Global Opportunities Fund
and the MFAM Mid-Cap Growth Fund
both converted into ETFs: the Motley Fool Global Opportunities ETF
(TMFG) and the Motley Fool Mid-Cap Growth ETF
(TMFM). The two funds hold a combined $1 billion in AUM and are part of the RBB series trust.
The Motley Fool Asset Management
] (fka MFAM) team revealed
the conversion plans back in September. Now all four of its funds (three active, one passive) are traditional, transparent ETFs.
"The number of prospective conversions into ETFs remains high," Reichman states, noting that this is RBB's second conversion of the year. (The prior one was an SMA-to-ETF conversion.)
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