SANTA
FE, N.M., Jan. 22, 2025 /PRNewswire/ -- Thornburg
Investment Management ("Thornburg"), a global investment firm that
oversees $45 billion in
assets1, today announced the launch of its first two
exchange-traded funds (ETFs), Thornburg International Equity ETF
(Nasdaq: TXUE) and Thornburg International Growth ETF (Nasdaq:
TXUG).
"We are excited to enter the ETF market and provide clients with
an additional means to access our investment solutions," said
Thornburg CEO Mark Zinkula. "Each of
these new ETFs reflects our long-term commitment to meet client
demand for solutions with an active, fundamental investment process
and high-conviction approach."
Thornburg International Equity ETF begins trading today and is
managed by Lei Wang, CFA, and Matt
Burdett. Thornburg International Growth ETF will start
trading tomorrow, January 23, 2025,
and is overseen by Sean Sun, CFA,
and Nicholas Anderson, CFA.
Thornburg International Equity ETF seeks long-term capital
appreciation, while Thornburg International Growth ETF seeks
long-term capital growth. Both funds invest primarily in non-U.S.
developed market equities.
For over 42 years, Thornburg has been a recognized leader in
equity, fixed income and multi-asset investing. In the coming
months, Thornburg anticipates launching two fixed income ETFs:
Thornburg Core Plus Bond ETF (Nasdaq: TPLS) and Thornburg Multi
Sector Bond ETF (Nasdaq: TMB).
"Thornburg's ETF strategies offer investors flexible,
transparent and efficient opportunities to construct and diversify
their portfolios," said Global Head of Distribution Jesse Brownell.
"The buildout for Thornburg's ETF platform represents significant
human and capital investments to ensure our infrastructure is
scalable and successful for our clients."
Learn more about Thornburg ETFs at www.thornburg.com/etfs.
The Thornburg ETFs are launched with the support of the Goldman
Sachs ETF Accelerator, a digital platform that enables Goldman
Sachs' clients to quickly and efficiently launch, list, and manage
ETFs.
About Thornburg
Thornburg Investment Management
(Thornburg) is an active, high-conviction manager of equities,
fixed income, multi-asset and alternative solutions. As a
privately-owned firm and with $45
billion1 in client assets as of December 31, 2024, Thornburg serves institutions,
financial professionals and investors worldwide. The firm offers
mutual funds, ETFs, closed-end funds, separate accounts and UCITS
funds. Thornburg was founded in 1982 and is headquartered in
Santa Fe, New Mexico with an
additional office in Hong Kong.
For more information, visit www.thornburg.com or call 877 215
1330.
Media Inquiries
Michael Corrao
Director of Global Communications
Thornburg Investment Management
Tel: +1 505 467 5345
Email: mcorrao@thornburg.com
Important Disclosures
Before investing, carefully consider the Fund's investment
goals, risks, charges, and expenses. For a prospectus or summary
prospectus containing this and other information, contact your
financial advisor or visit thornburg.com. Read them carefully
before investing.
Exchange Traded Funds (ETF) are bought and sold through exchange
trading at market prices (not NAV) and are not individually
redeemed from a Fund. Shares may trade at a premium or discount to
their NAV in the secondary market. Brokerage commissions will
reduce returns.
Each Fund is an actively managed ETF that does not seek to
replicate the performance of a specified index. To determine
whether to buy or sell a security, the portfolio managers consider,
among other things, various fund requirements and standards, along
with economic conditions, alternative investments, interest rates
and various credit metrics. If the portfolio manager considerations
are inaccurate or misapplied, the fund's performance may
suffer.
Investments carry risks, including possible loss of principal.
Additional risks may be associated with investments outside
the United States, especially in
emerging markets, including currency fluctuations, illiquidity,
volatility, and political and economic risks. Investments in small-
and mid-capitalization companies may increase the risk of greater
price fluctuations.
Risks associated with investing in Thornburg ETFs may include:
(1) New and Smaller Sized Fund Risk, (2) Investment Adviser Risk
and (3) Derivatives Risk.
Additional risks associated with investing in TXUE and TXUG may
include: (1) Equity Risk, (2) Risks Affecting Specific Countries or
Regions and (3) Market and Economic Risk.
Additional risks associated with investing in TXUG may include:
(1) Growth Company Risk and (2) Small and Mid-Cap Company Risk.
Additional risks associated with investing in TPLS and TMB may
include: (1) Credit Risk, (2) High Yield Risk, (3) Interest Rate
Risk and (4) Market and Economic Risk.
Additional risks associated with investing in TPLS may include:
(1) Emerging Markets Risk.
More information regarding the risks associated with investing
in Thornburg ETFs can be found in the fund prospectuses.
Please see our glossary for a definition of terms.
Thornburg ETFs are distributed by ALPS Distributors, Inc.
1 Includes $44 billion
in assets under management and $1
billion in assets under advisement as of December 31, 2024.
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SOURCE Thornburg Investment Management
