Tweedy, Browne Enters the ETF Market With the Tweedy, Browne Insider + Value ETF (NYSE Ticker: COPY)
Tweedy, Browne Company, a 104-year-old value-oriented asset management firm with $7.2 billion under management, has launched the Tweedy, Browne Insider + Value ETF (NYSE: COPY). This actively managed, transparent ETF employs a proprietary multi-factor value model targeting investments in undervalued U.S. and non-U.S. companies where insiders are actively purchasing securities or conducting share buybacks.
The ETF is supported by The RBB Fund Complex, which oversees approximately $30 billion in assets across over 60 fund offerings. The firm's management and employees have demonstrated confidence in their investment approach with more than $1.6 billion invested in personal and company-managed value-oriented portfolios as of December 31, 2024.
Tweedy, Browne Company, una società di gestione patrimoniale orientata al valore con 104 anni di esperienza e 7,2 miliardi di dollari sotto gestione, ha lanciato il Tweedy, Browne Insider + Value ETF (NYSE: COPY). Questo ETF attivamente gestito e trasparente utilizza un modello proprietario di multi-fattore valorizzato, mirando a investimenti in aziende statunitensi e non statunitensi sottovalutate dove i diritti interni stanno attivamente acquistando titoli o effettuando riacquisti di azioni.
L'ETF è supportato dal The RBB Fund Complex, che gestisce circa 30 miliardi di dollari in asset attraverso oltre 60 offerte di fondi. La direzione e i dipendenti della società hanno dimostrato fiducia nel loro approccio d'investimento con oltre 1,6 miliardi di dollari investiti in portafogli orientati al valore gestiti personalmente e dalla società al 31 dicembre 2024.
Tweedy, Browne Company, una empresa de gestión de activos orientada al valor con 104 años de experiencia y 7.2 mil millones de dólares bajo gestión, ha lanzado el Tweedy, Browne Insider + Value ETF (NYSE: COPY). Este ETF, gestionado de manera activa y transparente, emplea un modelo de valor multifactorial propietario que apunta a inversiones en empresas de EE. UU. y no de EE. UU. que están subvaluadas, donde los internos están comprando valores o realizando recompras de acciones.
El ETF está respaldado por The RBB Fund Complex, que supervisa aproximadamente 30 mil millones de dólares en activos a través de más de 60 ofertas de fondos. La dirección de la firma y sus empleados han demostrado confianza en su enfoque de inversión con más de 1.6 mil millones de dólares invertidos en carteras orientadas al valor, tanto personales como gestionadas por la empresa, hasta el 31 de diciembre de 2024.
Tweedy, Browne Company는 7억2천만 달러 규모의 자산을 관리하고 있는 104년 된 가치 중심 자산관리 회사로, Tweedy, Browne Insider + Value ETF (NYSE: COPY)를 출시했습니다. 이 적극적으로 관리되는 투명한 ETF는 독점적인 다중 요인 가치 모델을 사용하여, 내부자가 활발히 증권을 구매하거나 자사주매입을 진행하고 있는 저평가된 미국 및 비미국 기업에 대한 투자를 목표로 하고 있습니다.
이 ETF는 약 300억 달러의 자산을 관리하는 The RBB Fund Complex에 의해 지원됩니다. 회사의 경영진과 직원들은 2024년 12월 31일 기준으로 개인 및 회사가 관리하는 가치 지향 포트폴리오에 16억 달러 이상을 투자하여 그들의 투자 접근 방식에 대한 신뢰를 보여주었습니다.
Tweedy, Browne Company, une société de gestion d'actifs orientée vers la valeur ayant 104 ans d'expérience et 7,2 milliards de dollars sous gestion, a lancé le Tweedy, Browne Insider + Value ETF (NYSE: COPY). Cet ETF activement géré et transparent utilise un modèle de valeur multifactoriel propriétaire visant à cibler des investissements dans des entreprises américaines et non américaines sous-évaluées, où les initiés achètent activement des titres ou effectuent des rachats d'actions.
L'ETF est soutenu par The RBB Fund Complex, qui supervise environ 30 milliards de dollars d'actifs à travers plus de 60 offres de fonds. La direction de l'entreprise et ses employés ont démontré leur confiance dans leur approche d'investissement avec plus de 1,6 milliard de dollars investis dans des portefeuilles orientés vers la valeur, gérés personnellement et par l'entreprise, au 31 décembre 2024.
Tweedy, Browne Company, ein 104 Jahre altes, auf Wert orientiertes Vermögensverwaltungsunternehmen mit 7,2 Milliarden Dollar unter Verwaltung, hat den Tweedy, Browne Insider + Value ETF (NYSE: COPY) lanciert. Dieser aktiv verwaltete, transparente ETF verwendet ein proprietäres Multi-Faktor-Wertmodell, das auf Investitionen in undervaluierte US-amerikanische und nicht-US-amerikanische Unternehmen abzielt, in denen Insider aktiv Wertpapiere kaufen oder Aktienrückkäufe durchführen.
Der ETF wird von The RBB Fund Complex unterstützt, der rund 30 Milliarden Dollar an Vermögenswerten über mehr als 60 Fondsangebote verwaltet. Das Management und die Mitarbeiter des Unternehmens haben ihr Vertrauen in ihren Investitionsansatz mit mehr als 1,6 Milliarden Dollar, die bis zum 31. Dezember 2024 in persönlich und vom Unternehmen verwaltete wertorientierte Portfolios investiert wurden, demonstriert.
- Launch of new ETF product expanding company's market reach
- $7.2 billion assets under management demonstrates significant scale
- Strong insider commitment with $1.6 billion personal investment from management and employees
- Partnership with established platform RBB Fund Complex ($30 billion AUM)
- None.
Insights
The launch of the Tweedy, Browne Insider + Value ETF (COPY) marks a pivotal moment in the evolution of value investing, bringing institutional-grade strategies to the ETF marketplace. This development is particularly noteworthy given Tweedy, Browne's 104-year legacy and deep connections to Benjamin Graham's value investing principles.
The ETF's distinctive approach merges two powerful investment signals: insider buying and traditional value metrics. This combination is especially relevant in today's market environment, where traditional value metrics alone may not be sufficient. The strategy's focus on both U.S. and non-U.S. companies provides valuable diversification benefits, while the quantitative, rules-based approach helps minimize emotional bias in investment decisions.
Three key aspects make this launch particularly significant:
- The $1.6 billion personal investment by management and employees demonstrates exceptional skin in the game, far exceeding typical industry standards
- The partnership with RBB Fund Complex, overseeing $30 billion in assets, provides robust operational infrastructure and distribution capabilities
- The tax-efficient ETF structure addresses a important pain point for high-net-worth investors in traditional mutual funds
The timing of this launch aligns with growing investor demand for sophisticated value strategies in more accessible formats. While the strategy's effectiveness will ultimately depend on execution, Tweedy, Browne's track record and substantial internal investment suggest a high level of conviction in their approach.
ETF Targets Insider Buying & Buybacks Using Tweedy’s Proprietary Research Model
As an actively managed and fully transparent ETF, COPY utilizes a proprietary multi-factor Tweedy Browne value model, informed by empirical research and extensive experience of Tweedy, Browne’s Investment Committee, to target investment in
The Tweedy, Browne Insider + Value ETF is listed on the New York Stock Exchange and supported by The RBB Fund Complex, an ETF platform provider that oversees approximately
“Entering the ETF space is a natural extension of our business and affords taxpaying investors access to our actively managed strategies within a tax-efficient ETF structure. We are attempting to address the growing demand for value-oriented investment options in these innovative investment vehicles,” said Jason Minard, Managing Director and head of client services at Tweedy, Browne.
Managing Director and Investment Committee member John Spears commented, “We are excited about the chance to offer investors the opportunity to access what we often refer to as the ‘insider’s edge,’ the unique insight that high-ranking corporate executives and informed directors can have regarding the prospect for improvement of their company’s condition and share price. We have studied this space for decades.”
ABOUT TWEEDY, BROWNE
Tweedy, Browne Company LLC is a leading practitioner of the value-oriented investment approach of legendary investor, author (The Intelligent Investor, Security Analysis), and Columbia Business School professor Benjamin Graham. Serving originally as a broker to Graham and other respected value investors, the firm’s 104-year history is grounded in undervalued securities, first as a market maker, then as an investor and investment adviser. As of December 31, 2024, assets under management totaled approximately
ABOUT RBB FUND COMPLEX
The RBB Fund, Inc. and The RBB Fund Complex, together, are a turnkey ETF and mutual fund solution that permits an investment adviser to focus on its core competency of asset management and shifts most responsibility for the establishment, servicing, and corporate governance of funds to RBB. RBB oversees approximately
DISCLAIMERS
An investor should consider the investment objectives, risks, and charges and expenses of the fund carefully before investing. A prospectus, which contains this and other information about the fund may be obtained by calling 1-800-617-0004/visiting www.tweedyetfs.com. The prospectus should be read carefully before investing.
All investing involves the risk of loss, including the loss of principal.
Portfolio holdings are subject to risk.
The Fund’s buyback strategy is based, in part, on the premise that stocks of companies that engage in share buyback purchases are often anticipated to perform well because they typically are a signal that a company’s management believes its shares are undervalued. This positive signal from management may cause the value of such shares to rise. There is no certainty that management of a company undertook a buyback strategy because it believes its stock is undervalued; a company could be using buybacks to increase their price to earnings or other ratios, to alleviate excessive dilution, as a defensive measure, or to cut their own capital expenditures, thereby potentially limiting future growth.
To implement its investment strategy, the Adviser may require access to large amounts of financial data and other data supplied by various data providers. The inability to access large amounts of financial and other data from data providers could adversely affect the Adviser’s ability to use quantitative methods to select investments.
International investing may be subject to special risks, including, but not limited to, currency exchange rate volatility, political, social or economic instability, less publicly available information, less stringent investor protections, and differences in taxation, auditing and other financial practices. Investment in emerging market securities involves greater risk than that associated with investment in securities of issuers in developed foreign countries. These risks include volatile currency exchange rates, periods of high inflation, increased risk of default, greater social, economic and political uncertainty and instability, less governmental supervision and regulation of securities markets, weaker auditing and financial reporting standards, lack of liquidity in the markets, and the significantly smaller market capitalizations of emerging market issuers.
The Fund may invest in derivative instruments, including forward currency exchange contracts, which may be leveraged and may result in losses. Investments in derivative instruments may result in losses exceeding the amounts invested. The Fund’s practice of hedging exposure to foreign currencies where practicable, tends to make the Fund underperform a similar unhedged portfolio when the dollar is losing value against the local currencies in which the Fund’s investments are denominated.
Value investing involves buying stocks that are out of favor and/or viewed as undervalued by the Adviser in comparison to their peers or their prospects for growth. Securities of companies with micro-, small-, and mid-size capitalizations tend to be riskier than securities of companies with large capitalizations. This is because micro-, small-, and mid-cap companies typically have smaller product lines and less access to liquidity than large-cap companies and are, therefore, more sensitive to economic downturns.
The Tweedy, Browne Insider + Value ETF is distributed by Quasar Distributors, LLC.
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Mount & Nadler
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Hedda Nadler
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Andrew Greene
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Source: Tweedy, Browne Company
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