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Motley Fool Asset Management launches two index-based ETFs in the US


Motley Fool Asset Management, an affiliate of The Motley Fool, LLC, has launched two new ETFs, Fool Capital Efficiency 100 Index and Fool Next Index.

“We established these ETFs with investor demand in mind,” says Kelsey Mowrey, President of Motley Fool Asset Management. “Both ETFs are designed to be convenient, cost-effective vehicles for individuals who want exposure to stock recommendations made by Motley Fool analysts across Fooldom. The ‘recommendation universe’ includes all companies domiciled in the United States that are either active recommendations of a newsletter published by TMF or are among the 150 highest rated U.S. companies in TMF’s analyst opinion database. We are thrilled to add these two index-based investment products to our ETF lineup.”

The Fool Capital Efficiency 100 Index ETF (Ticker: TMFE) is based on an index which tracks the performance of the highest scoring stocks in The Motley Fool recommendation universe, measured by a company’s capital efficiency. Capital efficiency is a measure of how a business turns its investments into revenue and profit and it provides insight into the company’s return on invested capital.

The Fool Next Index ETF (Ticker: TMFX) is based on an index created to track the performance of mid- and small-capitalization US companies in The Motley Fool’s recommendation universe.

“These new ETFs, along with our existing Motley Fool 100 Index ETF, are uniquely passive implementations of The Motley Fool’s active stock recommendations,” says Mowrey. “Motley Fool Asset Management is ready to build on is current product line-up by offering these types of new products to investors.”

Both ETFs officially launched on December 31, 2021. Bryan C. Hinmon, CFA, and Anthony L. Arsta serve as the portfolio managers and each ETF will have a 0.50 per cent management fee. This announcement comes on the heels of Motley Fool Asset Management’s two mutual fund-to-ETF conversions in late 2021. The firm writes that these conversions will hopefully create even more momentum for the recently rebranded firm as it continues to reconnect with its history and the foundation of its investment philosophy.

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