AXS Investments has announced the launch of the AXS Brendan Wood TopGun Index ETF (TGN).
TGN seeks to track the Brendan Wood TopGun Index, which includes approximately 25 companies representing the top 2 per cent of companies in the Brendan Wood Shareholder Conviction Universe of more than 1,200 potential investment targets.
The index is built upon the ownership convictions of a panel of global investment professionals who collectively oversee more than USD55 trillion in equity portfolios. These panellists contribute their stock-by-stock assessments to the index provider, Brendan Wood International, generated from up to 2,000 meetings during the year. Their insights deliver consensus around those companies labelled TopGun investment targets, and as the panelists’ demand shifts among sectors, the index shifts accordingly.
“TGN has a simple but powerful focus: provide exposure to the best quality stocks in the highest demand sectors,” says Greg Bassuk, Chief Executive Officer of AXS Investments. “We are excited to partner with Brendan Wood in bringing first-of-its-kind access for individuals to their world-renowned TopGun philosophy and methodology. While select institutions have benefited from Brendan Wood’s TopGun access for decades, the TGN ETF offers those same investment attributes to the broader investing public.”
“Since 1970, Brendan Wood International has independently researched and developed original ideas which enhance performance in the global capital markets. In seeking an entrepreneurial asset management firm to introduce the TopGun concept to the public market, we sought out a creative and disciplined investment manager who would exercise due diligence and approach the market with a game changer concept,” says Brendan Wood, Chairman and CEO of Brendan Wood International. “AXS patiently subjected the TopGun concept to meticulous examination and concluded that its clients would benefit from an ETF dedicated to the TopGun Index. AXS is intent on challenging the status quo with unique investment ideas, and we are delighted to deliver the TopGun Index to the safe hands and client care of the AXS team.”
