Vident Asset Management Congratulates Brown Advisory on the Launch of Its First ETF
Vident Asset Management has announced its role as sub-advisor for the newly launched Brown Advisory Flexible Equity ETF (BAFE). The ETF, which represents Brown Advisory's first entry into the ETF market, launched on November 18, 2024, with $913 million in assets. BAFE aims to provide long-term performance in value names across both growth and value market cycles using Brown Advisory's proprietary 'Flexible Equity' methodology. The fund was created through a 351 transaction, converting several separately managed accounts into a single ETF structure to potentially offer improved tax treatment and other benefits for clients.
Vident Asset Management ha annunciato il suo ruolo come sub-advisor per il recentemente lanciato Brown Advisory Flexible Equity ETF (BAFE). L'ETF, che rappresenta il primo ingresso di Brown Advisory nel mercato degli ETF, è stato lanciato il 18 novembre 2024, con 913 milioni di dollari in attivi. BAFE mira a fornire performance a lungo termine nei nomi di valore attraverso cicli di mercato sia di crescita che di valore, utilizzando la metodologia proprietaria 'Flexible Equity' di Brown Advisory. Il fondo è stato creato attraverso una transazione di tipo 351, convertendo diversi conti gestiti separatamente in una singola struttura ETF per offrire potenzialmente un trattamento fiscale migliorato e altri vantaggi per i clienti.
Vident Asset Management ha anunciado su papel como sub-advisor para el recién lanzado Brown Advisory Flexible Equity ETF (BAFE). El ETF, que representa la primera entrada de Brown Advisory en el mercado de ETFs, se lanzó el 18 de noviembre de 2024, con 913 millones de dólares en activos. BAFE tiene como objetivo proporcionar un rendimiento a largo plazo en nombres de valor a través de ciclos de mercado tanto de crecimiento como de valor, utilizando la metodología propietaria 'Flexible Equity' de Brown Advisory. El fondo fue creado a través de una transacción 351, convirtiendo varias cuentas gestionadas por separado en una única estructura de ETF para ofrecer potencialmente un tratamiento fiscal mejorado y otros beneficios para los clientes.
Vident Asset Management는 새로 출시된 Brown Advisory Flexible Equity ETF (BAFE)의 하위 자문 역할을 발표했습니다. 이 ETF는 Brown Advisory가 ETF 시장에 처음 진출한 것을 나타내며, 2024년 11월 18일에 출시되어 9억 1300만 달러의 자산을 보유하고 있습니다. BAFE는 Brown Advisory의 독자적인 'Flexible Equity' 방법론을 사용하여 성장 및 가치 시장 사이클 전반에 걸쳐 가치 종목에서 장기 성과를 제공하는 것을 목표로 합니다. 이 펀드는 351 거래를 통해 여러 개별 관리 계정을 단일 ETF 구조로 변환하여 고객에게 개선된 세금 처리 및 기타 혜택을 제공할 가능성을 있습니다.
Vident Asset Management a annoncé son rôle en tant que sous-conseiller pour le nouvel Brown Advisory Flexible Equity ETF (BAFE). L'ETF, qui représente la première entrée de Brown Advisory sur le marché des ETF, a été lancé le 18 novembre 2024 avec 913 millions de dollars d'actifs. BAFE vise à fournir une performance à long terme sur des actions de valeur à travers les cycles de marché de croissance et de valeur, en utilisant la méthodologie propriétaire 'Flexible Equity' de Brown Advisory. Le fonds a été créé par le biais d'une transaction 351, convertissant plusieurs comptes gérés séparément en une seule structure d'ETF afin d'offrir potentiellement un traitement fiscal amélioré et d'autres avantages pour les clients.
Vident Asset Management hat seine Rolle als Subberatungsfirma für den neu eingeführten Brown Advisory Flexible Equity ETF (BAFE) bekannt gegeben. Der ETF, der den ersten Einstieg von Brown Advisory in den ETF-Markt darstellt, wurde am 18. November 2024 mit 913 Millionen Dollar an Vermögenswerten lanciert. BAFE zielt darauf ab, langfristige Leistungen bei wertbasierten Anlagen über Wachstums- und Wertmarktzyklen hinweg zu bieten, indem die proprietäre 'Flexible Equity'-Methodologie von Brown Advisory verwendet wird. Der Fonds wurde durch eine 351-Transaktion erstellt, die mehrere separat verwaltete Konten in eine einzelne ETF-Struktur umwandelte, um potenziell eine verbesserte steuerliche Behandlung und andere Vorteile für die Kunden zu bieten.
- Successfully launched with substantial AUM of $913 million
- Strategic 351 transaction implementation for tax efficiency
- Partnership with established investment management firm Brown Advisory
- None.
Insights
The launch of Brown Advisory's first ETF with
Vident acts as sub-adviser to new fund from leading independent global investment management and strategic advisory firm
BAFE launched on November 18, 2024, with
Vident acts as sub-advisor for BAFE, the first ETF from Brown Advisory, a fund designed to provide investors with exposure to domestic equities utilizing Brown Advisory’s proprietary “Flexible Equity” methodology which seeks to provide long-term performance in value names in both growth and value market cycles.
In bringing this fund to market, Brown Advisory and Vident partnered to utilize a 351 transaction to convert a number of Brown’s separately managed accounts into this single new ETF, given the potential that the ETF wrapper has to provide improved tax treatment and other benefits for Brown Advisory clients.
“We are thrilled to help welcome our colleagues at Brown Advisory to the fast-growing ETF ecosystem,” said Amrita Nandakumar, President of Vident. “Both of our firms have a commitment to putting the client first in all that we do, so it has been a true pleasure to work with their team on the journey from idea to launch day. We congratulate them on the launch of BAFE, which adds a powerful new portfolio construction tool to the building blocks available for advisors and investors.”
For more information on Vident Asset Management, please visit https://videntam.com/.
About Vident Asset Management
At Vident Asset Management (“Vident”), we bring expert thinking, technical and operational capability, and seamless execution to a diverse set of partners so they can provide their clients with specialized exposure solutions. The cornerstones of Vident are its accumulated knowledge, technical and operational expertise, and entrepreneurial spirit centered around our people, capabilities, and long-standing relationships with what we believe are best-in-class service providers.
As of October 31, 2024, Vident managed approximately
Vident offers asset management and sub-advisory services, as well as quantitative research, data, index research and execution, and portfolio and strategy design services. Vident currently sponsors the Vident ETFs, a suite of four multi-factor index strategies and has designed several separately managed account (SMA) platforms on behalf of its clients, including direct indexing SMAs.
Our success and that of our clients is a result of intellectual curiosity and inspired collaboration. Through the blending of diverse and deep experience, we help clients tackle their most important challenges, assess new opportunities, and deliver innovative and useful solutions. For more information, visit https://videntam.com/.
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Chris Sullivan
Craft & Capital
chris@craftandcapital.com
Source: Vident Asset Management
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