Macquarie Asset Management expands active US ETF platform with launch of large-cap growth ETF

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Macquarie Asset Management today announced the launch of the Macquarie Focused Large Growth ETF (LRGG), which began trading on the NYSE Arca today. The new offering is managed by the firm’s large-cap growth team, Bradley Klapmeyer, and Bradley Angermeier, as they bring their quality-first investment philosophy to clients looking for more flexibility and choice in investment vehicles.

Macquarie Asset Management launched its first three active ETFs in November 2023 – the Macquarie Global Listed Infrastructure ETF (BILD), the Macquarie Energy Transition ETF (PWER), and the Macquarie Tax-Free USA Short Term ETF (STAX). The LRGG ETF will be the firm’s fourth ETF, complementing the existing strategies and expanding everyday access to active investments for investors.

“By adding LRGG to our platform, we’re excited to bring the expertise of our large-cap growth team and their capabilities to the ETF market,” said Anthony Caruso, Head of ETF Strategy, Macquarie Aset Management. “This ETF complements our existing BILD, PWER, and STAX solutions, as we offer a diverse suite of solutions to meet the evolving needs of today’s investors.”

The managers’ concentrated portfolio is constructed using a two-sided quality analysis process that includes qualitative fundamental research complimented by quantitative quality analysis. Qualitative aspects focus on a research-driven, bottom-up approach to assess industry structure, competitive advantage, management strength, and long-term potential. Quantitative analysis emphasizes the level and trajectory of key quality characteristics including returns on capital, asset efficiency, margins, cash flow, stability, and organic growth.

“Our philosophy and investment approach are rooted in the belief that quality-first investing, through a focused portfolio, is the best path to durable compounding results,” said Bradley Klapmeyer, senior portfolio manager, Macquarie Asset Management. “Our internal team of subject matter experts conduct rigorous fundamental research to identify companies we believe possess sustainable competitive advantages, the essential characteristic that enables persistent and superior levels of long-term profitability and growth.”

Over time, the value of your investment in the Fund will increase and decrease according to changes in the value of the securities in the Fund’s portfolio. An investment in the Fund may not be appropriate for all investors.The Fund’s principal risks include but are not limited to the following:

Market risk is the risk that all or a majority of the securities in a certain market — like the stock market or bond market — will decline in value because of factors such as adverse political or economic conditions, future expectations, investor confidence, or heavy institutional selling.

Growth stocks reflect projections of future earnings and revenue. These prices may rise or fall dramatically depending on whether those projections are met. These companies’ stock prices may be more volatile, particularly over the short term.

Governments or regulatory authorities may take actions that could adversely affect various sectors of the securities markets and affect fund performance.

Large-capitalization companies tend to be less volatile than companies with smaller market capitalizations. This potentially lower risk means that the Fund’s share price may not rise as much as the share prices of funds that focus on smaller capitalization companies.

The possibility that a single security’s increase or decrease in value may have a greater impact on a fund’s value and total return because the fund may hold larger positions in fewer securities than other funds. In addition, a fund that holds a limited number of securities may be more volatile than those funds that hold a greater number of securities.

A nondiversified fund has the flexibility to invest as much as 50% of its assets in as few as two issuers with no single issuer accounting for more than 25% of the fund. The remaining 50% of its assets must be diversified so that no more than 5% of its assets are invested in the securities of a single issuer. Because a nondiversified fund may invest its assets in fewer issuers, the value of its shares may increase or decrease more rapidly than if it were fully diversified.

Nothing presented should be construed as a recommendation to purchase or sell any security or follow any investment technique or strategy.

All third-party marks cited are the property of their respective owners.

About Macquarie Asset Management

Macquarie Asset Management is a global asset manager, integrated across public and private markets. Trusted by institutions, governments, foundations and individuals to manage approximately $US612 billion in assets, we provide a diverse range of investment solutions including real assets, real estate, credit and equities & multi-asset.

Macquarie Asset Management is part of Macquarie Group, a diversified financial group providing clients with asset management, finance, banking, advisory, and risk and capital solutions across debt, equity and commodities. Founded in 1969, Macquarie Group employs approximately 20,600 in 34 markets and is listed on the Australian Securities Exchange.

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Edmund Shing, PhD

Global Chief Investment Officer
BNP Paribas Wealth Management

Edmund has over 29 years of experience in financial markets in a wide variety of positions, ranging from proprietary trading to portfolio manager in a number of financial institutions in London and Paris.  He previously held the role of Global Head of Equity and Derivative Strategy at BNP Paribas in London from 2015 to 2020, and has been Chief Investment Officer at BNP Paribas Wealth Management since November 2020.

Edmund is responsible for piloting our investment strategy and will continues to rollout out recommendations and themes with actionable advice that brings our expertise to our clients and support to our client-facing teams.  In this time of change, his expertise in following and anticipating markets is a true value added for both our customers and those at Wealth Management who serve them.

Edmund has a PhD in Cognitive and Computing Science from the University of Birmingham in the United Kingdom, and has done advanced studies in Knowledge-Based Systems and in Experimental Psychology.  He is an EFFAS-certified financial analyst. He has also authored the book “The Idle Investor” published by Harriman House in 2015, proposing 3 simple investment strategies that take only a few minutes to execute per month.

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