Pacific AM launches its first Emerging Market Equities Active ETF
Pacific AM has launched its first actively managed ETF, the Pacific NoS Global EM Equity Active ETF (GEME), trading on NASDAQ. The ETF provides a concentrated, value-oriented portfolio of 20-50 large and mid-cap emerging market companies, managed by North of South Capital, which oversees $4bn globally.
The ETF adopts the same approach as the Pacific NoS Global EM Equity Strategy launched in August 2024 with current AUM of $700m. GEME aims for long-term capital appreciation using North of South's proprietary 'Cost of Capital' valuation framework, focusing on established businesses with predictable cashflows. The net expense ratio is 0.75%.
Pacific AM, founded in 2016, manages over $12.3bn in client assets and serves financial advisers, wealth managers, family offices, and institutional investors globally.
Pacific AM ha lanciato il suo primo ETF gestito attivamente, il Pacific NoS Global EM Equity Active ETF (GEME), in trading su NASDAQ. L'ETF offre un portafoglio concentrato e orientato al valore di 20-50 grandi e medie aziende dei mercati emergenti, gestito da North of South Capital, che supervisiona 4 miliardi di dollari a livello globale.
L'ETF adotta lo stesso approccio della Pacific NoS Global EM Equity Strategy lanciata nell'agosto 2024, con un patrimonio attuale di 700 milioni di dollari. GEME punta a una crescita del capitale a lungo termine utilizzando il framework di valutazione proprietario 'Cost of Capital' di North of South, concentrandosi su aziende consolidate con flussi di cassa prevedibili. Il rapporto spese nette è dello 0,75%.
Pacific AM, fondata nel 2016, gestisce oltre 12,3 miliardi di dollari in assets dei clienti e serve consulenti finanziari, gestori patrimoniali, uffici familiari e investitori istituzionali a livello globale.
Pacific AM ha lanzado su primer ETF gestionado activamente, el Pacific NoS Global EM Equity Active ETF (GEME), que cotiza en NASDAQ. El ETF proporciona una cartera concentrada y orientada al valor de 20-50 empresas de mediana y gran capitalización en mercados emergentes, administrada por North of South Capital, que gestiona 4 mil millones de dólares a nivel global.
El ETF adopta el mismo enfoque que la Pacific NoS Global EM Equity Strategy lanzada en agosto de 2024, con activos bajo gestión actuales de 700 millones de dólares. GEME busca la apreciación del capital a largo plazo utilizando el marco de valoración propietario 'Cost of Capital' de North of South, centrándose en negocios establecidos con flujos de efectivo predecibles. La proporción de gastos netos es del 0,75%.
Pacific AM, fundada en 2016, gestiona más de 12,3 mil millones de dólares en activos de clientes y atiende a asesores financieros, administradores de patrimonio, oficinas familiares e inversores institucionales en todo el mundo.
Pacific AM은 첫 번째 능동 관리 ETF인 Pacific NoS Global EM Equity Active ETF (GEME)를 NASDAQ에서 출시했습니다. 이 ETF는 20-50개의 대형 및 중형 신흥 시장 기업의 집중되고 가치 지향적인 포트폴리오를 제공하며, 총 40억 달러를 관리하는 North of South Capital에 의해 관리됩니다.
이 ETF는 2024년 8월에 출범한 Pacific NoS Global EM Equity Strategy와 동일한 접근 방식을 채택하며, 현재의 자산 규모는 7억 달러입니다. GEME는 North of South의 독점 'Cost of Capital' 평가 프레임워크를 사용하여 장기적인 자본 증대를 목표로 하며, 예측 가능한 현금 흐름을 가진 기존 기업에 중점을 둡니다. 순 비용 비율은 0.75%입니다.
2016년에 설립된 Pacific AM은 고객 자산 123억 달러 이상을 관리하며, 전 세계적으로 재정 고문, 자산 관리자, 가족 사무소 및 기관 투자자에게 서비스를 제공합니다.
Pacific AM a lancé son premier ETF activement géré, le Pacific NoS Global EM Equity Active ETF (GEME), qui se négocie sur NASDAQ. L'ETF fournit un portefeuille concentré, axé sur la valeur, de 20 à 50 grandes et moyennes entreprises des marchés émergents, géré par North of South Capital, qui supervise 4 milliards de dollars à l'échelle mondiale.
L'ETF adopte la même approche que la Pacific NoS Global EM Equity Strategy lancée en août 2024, avec une capitalisation actuelle de 700 millions de dollars. GEME vise une appréciation du capital à long terme en utilisant le cadre d'évaluation propriétaire 'Cost of Capital' de North of South, en se concentrant sur des entreprises établies avec des flux de trésorerie prévisibles. Le ratio des dépenses nettes est de 0,75 %.
Fondée en 2016, Pacific AM gère plus de 12,3 milliards de dollars d'actifs pour le compte de clients et sert des conseillers financiers, des gestionnaires de patrimoine, des bureaux familiaux et des investisseurs institutionnels à l'échelle mondiale.
Pacific AM hat seinen ersten aktiv verwalteten ETF, den Pacific NoS Global EM Equity Active ETF (GEME), der an der NASDAQ gehandelt wird, eingeführt. Der ETF bietet ein konzentriertes, wertorientiertes Portfolio von 20-50 großen und mittelgroßen Unternehmen aus den Schwellenländern, das von North of South Capital verwaltet wird, das global 4 Milliarden Dollar verwaltet.
Der ETF verfolgt denselben Ansatz wie die im August 2024 eingeführte Pacific NoS Global EM Equity Strategy, die derzeit ein verwaltetes Vermögen von 700 Millionen Dollar hat. GEME zielt auf eine langfristige Kapitalwertsteigerung ab, indem es den proprietären Bewertungsrahmen 'Cost of Capital' von North of South nutzt und sich auf etablierte Unternehmen mit vorhersehbaren Cashflows konzentriert. Die Nettoaufwandsquote beträgt 0,75 %.
Pacific AM, gegründet im Jahr 2016, verwaltet über 12,3 Milliarden Dollar an Kundenvermögen und bedient weltweit Finanzberater, Vermögensverwalter, Family Offices und institutionelle Investoren.
- Launch of new actively managed ETF expanding product offering
- Leverages existing successful strategy with $700m AUM
- Backed by experienced management team overseeing $4bn globally
- Competitive expense ratio of 0.75% for active management
- New fund status carries performance uncertainty risks
- Concentrated portfolio (20-50 stocks) may increase volatility
- Emerging markets exposure carries higher risk profile
GEME provides investors with a concentrated, value-orientated portfolio of large- and mid-cap EM equities, actively managed by a highly experienced team
The Pacific NoS Global EM Equity Active ETF is a value-orientated actively managed emerging market equity ETF, investing in a concentrated portfolio of 20-50 large and mid-cap companies across the major emerging markets. GEME adopts the same approach as the Pacific NoS Global EM Equity Strategy which launched in August 2024 with a current AUM of c.
GEME is managed by Pacific AM’s EM sub-advisor North of South Capital, a highly experienced emerging markets firm, founded in 2004, that oversees
Pacific NoS Global EM Equity Active ETF (GEME)
- Aims to achieve long-term capital appreciation by investing in a concentrated portfolio of large and mid-cap emerging market companies that are undervalued according to North of South’s proprietary “Cost of Capital” valuation framework, which sees the team favour established business models with predictable cashflows.
-
Net expense ratio is
0.75%
Founded in 2016, Pacific AM is a modern, diversified, and technology-driven asset manager that manages over
Sebastian Stewart, Partner and Head of US Institutional Sales, Pacific Asset Management, said:
“At Pacific, we are obsessed with finding innovative solutions to our clients' investment needs. We truly believe the Active ETF structure is the future for US investors looking to benefit from institutional-quality active management in a regulated fund wrapper. Active ETFs are typically more transparent, accessible, tax efficient and cost effective, making this a great choice for many clients. The launch of GEME exemplifies Pacific’s forward-thinking approach to product development and putting our clients first.”
Kamil Dimmich, portfolio manager commented:
“Having been out of favour for the last 15 years, Emerging Markets are now home to some of the most innovative and cash generative businesses in the world, which are also trading at a fraction of the valuations found in the US and other developed markets. We believe our process, which differs from many other EM strategies currently available in the market, particularly those that are passive, is specifically designed to identify these sorts of companies; strong businesses, with predictable cash flows that are also undervalued. With this backdrop and as investors look to diversify their portfolios to capture the new sources of growth, it is a really exciting time to be launching GEME.”
For more information on GEME, please visit geme-etf.com.
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 844-745-5220/visiting geme-etf.com. The prospectus should be read carefully before investing.
The Pacific NoS Global EM Equity Active ETF is distributed by Foreside Fund Services, LLC.
Investing involves risk. Principal loss is possible. Securities of mid-capitalization companies may have comparatively greater price volatility and less liquidity than the securities of companies that have larger market capitalizations and/or that are traded on major stock exchanges. Investments in non-
The Fund pursues a “value style” of investing. Value investing focuses on companies whose stock appears undervalued in light of factors such as the company’s earnings, book value, revenues or cash flow. Fixed income risk factors include credit risk (the debtor may default) and prepayment risk (the debtor may pay its obligation early or later than expected, potentially reducing the amount of interest payments or extending time to principal repayment). A derivative instrument often has risks similar to its underlying instrument and may have additional risks, including imperfect correlation between the value of the derivative and the underlying instrument, risks of default by the counterparty to certain derivative transactions, magnification of losses incurred due to changes in the market value of the securities, instruments, indices or interest rates to which the derivative relates, and risks that the derivative instruments may not be liquid. Participatory notes (“P-notes”) are participation interest notes that are issued by banks or broker-dealers and are designed to offer a return linked to a particular underlying equity, debt, currency or market. A new or smaller fund is subject to the risk that its performance may not represent how the fund is expected to or may perform in the long term. Liquidity risk exists when particular investments are or become difficult or impossible to purchase or sell. Markets may become illiquid when, for example, there are few, if any, interested buyers or sellers or when dealers are unwilling or unable to make a market for certain securities.
ETFs are subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of an ETF's shares may trade at a premium or discount to its net asset value, an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact an ETF's ability to sell its shares. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. Brokerage commissions will reduce returns.
Notes to Editor
Pacific AM
Pacific AM is an independent asset manager founded in 2016 responsible for over
Pacific AM is a fresh and progressive asset manager, rethinking the conventions of how asset management works for advisers, institutions, investors, asset owners and the industry.
Pacific AM’s single manager business focuses on high conviction investing in less efficient markets and securities, where they believe active managers can outperform through their skills and expertise. The firm currently offers Emerging Market Equity, Emerging Market Equity Income, G10 Macro Rates, Global Active Credit, North American Equities and Thematic Equity solutions.
Pacific AM provides a range of technology enabled model portfolio solutions, delivered on all major adviser platforms, which blend a range of investment styles including active, passive and factor funds.
*As at 31st December 2024
North of South Capital
North of South Capital was founded in 2004 and currently oversees
Over the years the team have built long-standing partnerships with institutional and wholesale investors in the
Outstanding EM All Cap, Global EM and EM Income offerings
The team at North of South Capital runs a limited number of strategies underpinned by the same philosophy and process. As owners of the business, the team are aligned with their investors to deliver long-term results.
In valuing companies North of South believe that cash flows need to be discounted using an appropriate Cost of Capital which reflects both macroeconomic and stock specific risks. North of South’s Cost of Capital framework takes into account government bond yields and other macroeconomic data, as well as a stock specific Equity Risk Premium.
North of South’s Equity Risk Premium methodology is an extension of the traditional capital asset pricing model and includes factors such as liquidity of the stock, volatility of the stock, volatility of earnings, underlying leverage and subjective factors such as corporate governance.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250123440214/en/
Media contact:
Chris Sullivan
Craft & Capital
chris@craftandcapital.com
Source: Pacific AM
FAQ
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