New York Life Investments Restructures Two Semi-Transparent Actively Managed ETFs to Fully Transparent
New York Life Investments has restructured two of its active semi-transparent Exchange Traded Funds (ETFs) to become fully transparent. The affected ETFs are:
- NYLI Winslow Large Cap Growth ETF (IWLG)
- NYLI Winslow Focused Large Cap Growth ETF (IWFG)
Both ETFs are subadvised by Winslow Capital Management, and managed by their investment team led by Justin Kelly. The funds seek long-term growth of capital through a bottom-up investment process, focusing on companies with potential for above-average future earnings and cash flow growth. As non-diversified ETFs, they can invest a larger percentage of assets in fewer companies. The restructuring does not change the investment team, process, or objective.
New York Life Investments ha ristrutturato due dei suoi Exchange Traded Funds (ETF) attivi semi-trasparenti per diventare completamente trasparenti. Gli ETF interessati sono:
- NYLI Winslow Large Cap Growth ETF (IWLG)
- NYLI Winslow Focused Large Cap Growth ETF (IWFG)
Entrambi gli ETF sono gestiti in subconsulenza da Winslow Capital Management e sono amministrati dal loro team di investimento guidato da Justin Kelly. I fondi mirano a un crescita del capitale a lungo termine attraverso un processo di investimento bottom-up, concentrandosi su aziende con potenziale per guadagni futuri superiori alla media e crescita dei flussi di cassa. Essendo ETF non diversificati, possono investire una percentuale maggiore di attivi in meno aziende. La ristrutturazione non cambia il team di investimento, il processo o l'obiettivo.
New York Life Investments ha reestructurado dos de sus fondos cotizados en bolsa (ETFs) semi-transparentes activos para convertirse en completamente transparentes. Los ETFs afectados son:
- NYLI Winslow Large Cap Growth ETF (IWLG)
- NYLI Winslow Focused Large Cap Growth ETF (IWFG)
Ambos ETFs son asesorados por Winslow Capital Management y gestionados por su equipo de inversiones liderado por Justin Kelly. Los fondos buscan crecimiento a largo plazo del capital a través de un proceso de inversión de abajo hacia arriba, centrándose en empresas con potencial para ganancias futuras superiores a la media y crecimiento del flujo de caja. Como ETFs no diversificados, pueden invertir un porcentaje mayor de activos en menos empresas. La reestructuración no cambia el equipo de inversión, el proceso ni el objetivo.
뉴욕 라이프 인베스먼트(New York Life Investments)는 두 개의 반투명 활성 상장지수펀드(ETFs)를 완전히 투명한 펀드로 재구성했습니다. 영향을 받은 ETFs는 다음과 같습니다:
- NYLI 윈슬로우 대형 성장 ETF (IWLG)
- NYLI 윈슬로우 집중 대형 성장 ETF (IWFG)
두 ETF 모두 윈슬로우 캐피탈 매니지먼트(Winslow Capital Management)에서 자문하며, 저스틴 켈리(Justin Kelly)가 이끄는 투자팀에 의해 관리됩니다. 이 펀드는 평균 이상의 미래 수익 및 현금 흐름 성장 가능성이 있는 기업에 집중하여 장기 자본 성장을 목표로 하는 아래로부터의 투자 프로세스를 통해 성장합니다. 비다각화 ETF로서, 적은 수의 기업에 더 많은 자산 비율을 투자할 수 있습니다. 재구성은 투자팀, 프로세스 또는 목표를 변경하지 않습니다.
New York Life Investments a restructuré deux de ses fonds négociés en bourse (ETF) semi-transparents actifs pour devenir entièrement transparents. Les ETF concernés sont :
- NYLI Winslow Large Cap Growth ETF (IWLG)
- NYLI Winslow Focused Large Cap Growth ETF (IWFG)
Les deux ETF sont sous-conseillés par Winslow Capital Management et gérés par leur équipe d'investissement dirigée par Justin Kelly. Les fonds visent à croissance du capital à long terme à travers un processus d'investissement de bas en haut, en se concentrant sur des entreprises ayant un potentiel de bénéfices futurs supérieurs à la moyenne et une croissance des flux de trésorerie. En tant qu'ETF non diversifiés, ils peuvent investir un pourcentage plus élevé d'actifs dans moins d'entreprises. La restructuration ne modifie pas l'équipe d'investissement, le processus ou l'objectif.
New York Life Investments hat zwei seiner aktiven semi-transparenten Exchange Traded Funds (ETFs) umstrukturiert, um vollständig transparent zu werden. Die betroffenen ETFs sind:
- NYLI Winslow Large Cap Growth ETF (IWLG)
- NYLI Winslow Focused Large Cap Growth ETF (IWFG)
Beide ETFs werden von Winslow Capital Management beraten und von ihrem Investment-Team unter der Leitung von Justin Kelly verwaltet. Die Fonds streben langfristiges Kapitalwachstum durch einen Bottom-up-Investitionsprozess an, der sich auf Unternehmen mit Potenzial für überdurchschnittliche zukünftige Gewinne und Cashflow-Wachstum konzentriert. Da es sich um nicht diversifizierte ETFs handelt, können sie einen größeren Prozentsatz der Vermögenswerte in weniger Unternehmen investieren. Die Umstrukturierung ändert nicht das Investment-Team, den Prozess oder das Ziel.
- Transition to fully transparent ETF structure may attract more investors
- No changes to investment team, process, or objective, maintaining consistency
- Non-diversified structure allows for higher conviction in best ideas
- Both ETFs have performed well relative to peers since inception
- None.
The two ETFs, formerly known as the IQ Winslow Large Cap Growth ETF and IQ Winslow Focused Large Cap Growth ETF, are subadvised by Winslow Capital Management, LLC (Winslow Capital), a growth equity investment firm grounded in fundamental, long-term investing. Both ETFs are managed by Winslow Capital’s seasoned investment team, which is led by Justin Kelly, Patrick Burton, Peter Dlugosch and Steven Hamill.
IWLG and IWFG, respectively, seek long-term growth of capital by employing a bottom-up investment process while investing in companies that have the potential for above-average future earnings and cash flow growth. Both ETFs are non-diversified, which means they can invest a larger percentage of assets in a smaller number of companies, allowing the portfolio management team to express conviction in their best ideas. There are no changes to the investment team, process or objective as a result of the restructuring.
“We’re pleased to be announcing these changes to IWLG and IWFG. Both strategies have performed extremely well relative to their peers since they started trading just over two years ago, and as investors and advisors continue to embrace fully transparent active ETF approaches, we think this move positions us well to continue to explain the role these funds can play in a portfolio,” said Justin Kelly, Chief Executive Officer and Chief Investment Officer of Winslow Capital.
For more information on the funds and on New York Life Investments’ full slate of ETF offerings, please visit our website here.
About New York Life Investments
With over
*Assets under management (AUM) includes assets of the investment advisers that make up "New York Life” as of June 30, 2024. "New York Life Investments'' is both a service mark, and the common trade name, of the following investment advisors (also referred to herein individually as a "boutique" and collectively as "boutiques") affiliated with New York Life Insurance Company: Ausbil Investment Management Limited ("Ausbil"), Apogem Capital LLC ("Apogem"), Candriam S.C.A. ("Candriam"), MacKay Shields LLC ("MacKay Shields"), New York Life Investment Management LLC ("NYLIM LLC"), NYL Investors LLC ("NYL Investors"), and Tristan Capital Partners LLP ("Tristan").
Assets under management (AUM) includes assets of the investment advisers that make up "New York Life Investments" as of 6/30/2024. AUM includes certain assets, such as non-discretionary AUM, external fund selection, and overlay services, including ESG screening services, advisory consulting services, white labeling services, and model portfolio delivery services, that are not necessarily considered Regulatory Assets Under Management according to the SEC's Form ADV. AUM is reported in USD. AUM not denominated in USD is converted at the spot rate as of 6/30/2024. The total AUM figure of "New York Life Investments" is less than the sum of the AUM of each affiliated investment adviser in the group because it does not count AUM where the same assets can be counted by more than one affiliated investment adviser.
** On June 10, 2024, New York Life Investments was ranked #26 in Pensions & Investments' Largest Money Managers 2024 for the time period 12/31/22 – 12/31/23. (Managers are ranked by total worldwide institutional assets under management. Full list here.) No direct or indirect compensation was paid for the creation and distribution of this ranking. For more information about ranking click here - Largest Money Managers 2023 | Pensions & Investments (pionline.com)
"New York Life Investments" is both a service mark, and the common trade name, of certain investment advisors affiliated with New York Life Insurance Company.
About Winslow Capital
Winslow Capital, subadvisor for New York Life Investments, is a growth equity investment firm grounded in fundamental, long-term investing with more than
Disclosures
About Risk:
Growth-oriented common stocks and other equity type securities (such as preferred stocks, convertible preferred stocks and convertible bonds) may involve larger price swings and greater potential for loss than other types of investments. Typically, the subadvisor intends to invest substantially all of the Fund’s investable assets in domestic securities. However, the Fund is permitted to invest up to
Certain environmental, social, and governance (“ESG”) criteria may be considered when evaluating an investment opportunity. This may result in the Fund having exposure to securities or sectors that are significantly different than the composition of the Fund’s benchmark and performing differently than other funds and strategies in its peer group that do not take into account ESG criteria.
The Fund is non-diversified. By concentrating in a smaller number of investments, the Fund’s risk is increased because each investment has a greater effect on the Fund’s performance.
Consider a Fund’s investment objectives, risks, charges and expenses carefully before investing. The prospectus and the statement of additional information include this and other relevant information about a Fund and are available by visiting www.newyorklifeinvestments.com or calling 888-474-7725. Read the prospectus carefully before investing.
Winslow Capital Management, LLC is unaffiliated with New York Life Investments. “New York Life Investments” is both a service mark, and the common trade name, of certain investment advisors affiliated with New York Life Insurance Company
Securities distributed by NYLIFE Distributors LLC, 30 Hudson Street,
View source version on businesswire.com: https://www.businesswire.com/news/home/20240828586431/en/
Media Contacts:
New York Life Investments
Sara Guenoun
sara_j_guenoun@newyorklife.com
Craft & Capital
Chris Sullivan
chris@craftandcapital.com
Source: New York Life Investments
FAQ
What changes were made to NYLI Winslow Large Cap Growth ETF (IWLG) and NYLI Winslow Focused Large Cap Growth ETF (IWFG)?
Who manages the NYLI Winslow Large Cap Growth ETF (IWLG) and NYLI Winslow Focused Large Cap Growth ETF (IWFG)?
What is the investment strategy of NYLI Winslow Focused Large Cap Growth ETF (IWFG)?
How have the NYLI Winslow Large Cap Growth ETF (IWLG) and NYLI Winslow Focused Large Cap Growth ETF (IWFG) performed since their inception?
