Harbor Capital Advisors has launched the Harbor Long-Term Growers ETF (NYSE: WINN).
Harbor Long-Term Growers ETF (WINN) is a transparent, actively managed strategy that seeks long-term growth of capital and is managed by Jennison Associates (Jennison). WINN is built on Jennison’s successful large-cap growth foundation, which is reflected in the Harbor Capital Appreciation Mutual Fund and additional vehicles with USD46 billion in AUM as of December 31,2021.
The ETF expands the strategy’s investable opportunity set by capturing additional high conviction ideas from Jennison’s fundamental growth investment teams. The investment team uses portfolio optimisation tools to manage the portfolio’s overall characteristics, investment risk exposures, diversification, and liquidity in a manner consistent with WINN’s objective.
“We recognize that there is demand for a growth offering that is transparent, convenient, and familiar for the current generation of investors and highly relevant for the next generation,” says Charles F. McCain, CEO. “We are excited to extend our partnership with Jennison and bring this new option to market for advisers and retail investors seeking long-term growth of capital.”
Founded in 1969, Jennison believes that sustainable long-term investment performance is driven by fundamental research, specialised teams of experienced portfolio managers and analysts, bottom-up portfolio construction, and high-conviction investing.
“We thank Harbor for its commitment to innovation and meeting the evolving needs of the marketplace,” says Jeffrey T. Becker, Chairman & CEO of Jennison Associates. “The launch of WINN marks another milestone in our 50+ year partnership, and we are excited to introduce this ETF, which provides access to the high-conviction ideas of Jennison’s growth investors.”
The ETF invests primarily in equity securities, principally common and preferred stocks, of US companies that the investment team believes have above-average prospects for long-term growth.
The ETF takes a bottom-up, fundamental approach to identifying mid-and large-capitalisation companies believed to have growth of a magnitude and duration above that of the market, as determined by the investment team.