Home News First Manhattan Launches First ETF

First Manhattan Launches First ETF

The company First Manhattan Co. have just announced the launch of their first ETF, the FMC Excelsior Focus Equity ETF (FMCX). FMCX will be semi-transparent and actively managed with plans to track high-conviction companies from First Manhattan’s research group. In a statement the CEO of First Manhattan stated, “Over the past six decades, we have honed a distinctive, fundamentals-based investment approach, and we are compelled to offer this strategy to a broad range of institutional and retail investors in the form of an innovative ETF.”

ETF Newz Says: FMCX is looking to follow companies seen as competitive with long-term growth possibilities.