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Global Beta ETFs announces index and name change for Global Beta Momentum Growth ETF


Global Beta ETFs has approved an index and name change for the Global Beta Momentum Growth ETF (GBGR). 

Effective 18 December, 2020, the Fund name changed to the Global Beta Rising Stars ETF and the underlying index became the FactSet Rising Stars Index. The Fund ticker symbol, and CUSIP remained the same, and current shareholders are not required to take any actions as a result of the changes.

“We’re excited to introduce a new portfolio strategy today that provides investors with broader exposure to US growth stocks that we consider to be rapidly emerging in the space,” says Vince Lowry, CEO of Global Beta ETFs. “The Index change introduces more mid and small cap securities into the portfolio, and we believe this will effectively reduce the valuation risk that currently exists in many large-cap growth portfolios today. At Global Beta, we encourage advisors, and investors to seriously consider the valuations they pay for investments, especially for growth-oriented mandates given the current market environment.” 

“Across relevant factor attributes that are associated with higher investment returns, we believe, based on our research, that lowering the price-to-sales ratio of a portfolio can significant improve overall returns, while adding a level of risk mitigation during market corrections,” says Justin Lowry, CIO of Global Beta ETFs. “We are pleased to be collaborating with FactSet to re-position GBGR as the Global Beta Rising Stars ETF, a targeted strategy that seeks exposure to the top emerging US-listed growth stocks at a reasonable price. By identifying stocks that are demonstrating the greatest expansion of market share in the fastest growing industries, and removing those with frothy market valuations, we believe investors are much better positioned to improve their return probability.”

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