Bringing you live news and features since 2006 

GCAD Gabelli launches Aerospace and Defense ETF

RELATED TOPICS​

Gabelli Funds has announced the launch of its fifth ETF, which will begin trading under the symbol GCAD on the New York Stock Exchange on January 4, 2023. 

The firm writes that GCAD will focus on the aerospace and defence sectors, one of Gabelli Funds’ research core competencies. Following an update to the registration statement, GCAD will trade under the name: “Gabelli Commercial Aerospace & Defense ETF”.

Lieutenant Colonel G. Anthony (Tony) Bancroft, USMCR, is the team leader and portfolio manager of the Fund. Bancroft joined Gabelli Funds in 2009 after serving as an F/A-18 Hornet fighter pilot with the United States Marine Corps. He graduated with distinction from the United States Naval Academy with a BS in systems engineering and holds an MBA in finance and economics from Columbia Business School.

As with the previous ETF’s launched by Gabelli, GAMCO will offer a “loyalty” programme under which the first USD25 million of the Fund’s assets under management will incur no fees and expenses.

GCAD’s investment objective is to achieve a high level of total return with an emphasis on income. The fund will seek to invest in Aerospace companies that include manufacturers, assemblers and distributors of aircraft and aircraft parts as well as defence companies, including producers of components and equipment for the defence industry, such as military aircraft, radar equipment and weapons. Income producing equity securities include US exchange-listed common stock and preferred stock. The Fund may also invest in foreign securities by investing in American Depositary Receipts.

Latest News

US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by