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Validea Capital Management and US Bancorp launch first actively-managed ETF in ESS MST


US Bancorp Fund Services (USBFS) has added an actively-managed exchange-traded fund (ETF) from Validea Capital Management, LLC (Validea) to its ETF Series Solutions (ESS) multiple-series trust (MST). 

The Validea Market Legends ETF (VALX) launched on the Nasdaq Stock Exchange on Wednesday, 10 December, 2014. 

“The Validea Market Legends ETF allows us to continue our mission of providing our investors with access to historically successful investment strategies,” says Jack Forehand, president and co-portfolio manager of the fund for Validea Capital Management Partners. "We believe that the best way to outperform the market over the long-term is to follow strategies that have proven themselves over time, and to do so in a disciplined framework, and the launch of this ETF will allow us to make our investing system available to the full investing community for the first time.” 

Validea Capital Management was founded on the belief that implementing techniques in a strict, disciplined, and systematic manner can lead to long-term market outperformance. The Validea Market Legends ETF seeks capital appreciation, with a secondary focus on income. 

“We’re proud to add Validea to ESS, our multiple series trust,” says Joe Redwine, president of US Bancorp Fund Services. “We value their partnership, and look forward to supporting their successful ETF through ESS.” 

USBFS launched ESS in February 2012. ESS extends the benefits of a shared trust model to one of the industry’s fastest growing segments, and marks the fifth MST, out of six, for US Bancorp Fund Services. Currently, US Bancorp Fund Services shared trusts have more than USD30.5 billion in fund assets, 143 participating funds, 237 classes, and 81 different advisers. 

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