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A Four-Fund Shop Launches Two More
A four-fund firm recently rolled out two more funds after recently converting to an all-ETF lineup and refreshing the firm's brand. The team now offers three active ETFs and three passive ones.
TMFE is designed to track the Motley Fool Capital Efficiency 100 Index from The Motley Fool, LLC (TMF), an affiliate of Motley Fool Asset Management, and the index tracks the highest-scoring stocks in TMF's recommendation universe. TMFX is designed to track the Motley Fool Next Index, also from TMF, and the index tracks mid and small cap U.S. companies in TMF's recommendation universe. Mowrey describes the two new ETFs as "uniquely passive implementations of The Motley Fool's active stock recommendations."
"Motley Asset Management is ready to build on its current product line-up by offering these types of new products to investors," Mowrey states.
The expense ratio for both new funds is 50 basis points. Bryan Hinmon, chief investment officer and senior portfolio manager at Motley Fool Asset Management, and Anthony Arsta, portfolio manager, are the PMs for both new funds.
Other service providers to the new funds included: Faegre Drinker Biddle and Reath LLP as legal counsel; Quasar Distributors, LLC as distributor and underwriter; Tait, Weller and Baker LLP as independent accounting firm; U.S. Bank Global Fund Services as administrator and transfer agent; and U.S. Bank, N.A. as custodian.
Printed from: MFWire.com/story.asp?s=63836
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