NEWTOWN SQUARE, Pa.–(BUSINESS WIRE)–Logan Capital, an independent, privately owned Registered Investment Advisor, has launched its first exchange-traded fund (ETF), the Logan Capital Broad Innovative Growth ETF (NYSE: LCLG). The ETF employs a multifactor ranking algorithm to analyze and select securities. It seeks companies applying innovative technologies and ideas to common business models to gain a competitive advantage. Logan looks for companies that have increasing earnings tied to pricing power, benefit from an economic tailwind, and that are trading in a way that would support a long-term upward move in price.
The fund features investments selected through a three-part analysis: top-down macroeconomic analysis, fundamental company analysis, and technical analysis to confirm security selection—leading to selection and investment in growth companies whose earnings are less affected by economic cycles.
The Broad Innovative Growth ETF consists of a fairly concentrated portfolio of 45-55 U.S.-traded large cap growth stocks, each with at least a $5B market capitalization at time of purchase.
“Economic headwinds and uncertainty in the market provide nimble companies who can quickly adapt their business model opportunities to thrive,” said Stephen Lee, Founding Principal of Logan Capital. “As leaders in the large cap growth sector, we believe our slightly aggressive approach in identifying innovative companies that also have proven track records of delivering profits will continue to drive exceptional earnings and ultimately reward patient investors.”
The Broad Innovative Growth Fund will focus on companies that are continuing to invest in and enhance their strategic advantages. The Broad Innovative Growth Fund implements a true large-growth strategy. Slightly on the aggressive side, LCLG pairs well with growth at a reasonable price (GARP) and large cap value strategies.
“The Logan Capital team has extensive experience within the large cap growth sector,” said Dana Stewardson, Principal at Logan Capital. “The LCLG ETF will provide investors with the opportunity to capitalize on growing companies in the midst of a technological revolution.”
For more information on Logan Capital, please visit https://logancapital.com.
About Logan Capital Management, Inc.
Logan Capital Management, Inc. (Logan Capital) is an employee-owned registered investment advisor (RIA) headquartered in Newtown Square, Pennsylvania. Al Besse, Stephen Lee and Dana Stewardson founded the firm in 1993. Logan Capital Management has a sustained history of working closely with financial advisors and their clients. The firm offers a mix of 10 growth, value and fixed-income strategies tailored to clients’ financial goals. For more information, please visit: www.logancapital.com.
Investors should consider the investment objectives, risks, charges and expenses carefully before investing.
For a prospectus or summary prospectus with this and other information about the Fund, please call 1-800-215-1100 or visit our website at www.logancapitalfunds.com. Read the prospectus or summary prospectus carefully before investing.
Exchange Traded Fund investing involves risk. Principal loss is possible. Investments in foreign securities involve political, economic and currency risks, greater volatility and differences in accounting methods. These risks are greater for emerging markets. The ETF may make short sales of securities, which involves the risk that losses may exceed the original amount invested in the securities. The ETF may use leverage which may exaggerate the effect of any increase or decrease in the value of portfolio securities or the Net Asset Value of the Fund, and money borrowed will be subject to interest costs. The ETF may purchase and sell options on securities which may be subject to greater fluctuations in value than an investment in the underlying securities. Purchasing and writing put and call options are highly specialized activities and entail greater than ordinary investment risks. The ETF may purchase securities of companies that are offered pursuant to an IPO which may fluctuate considerably, may be subject to liquidity risk and could have a magnified impact on Fund performance. By investing in other mutual funds and ETFs, the Fund will bear any share of any fees and expenses charged by the underlying funds, in addition to indirectly bearing the principal risks of those funds including brokerage costs.
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