Fiduciary Management Launches Global Value Equity ETF (FMIG)

Fiduciary Management has launched the FMI Global Equity ETF (FMIG), an actively managed fund targeting undervalued, high-quality companies across developed and emerging markets. The ETF invests at least 80% of its assets in equities, primarily focusing on a concentrated portfolio of large-cap companies with market capitalizations generally above $4 billion. Under normal conditions, at least 30% of assets will be allocated to non-U.S. companies, with flexibility to reduce that exposure to 20% during less favorable market conditions. FMIG employs a fundamental, value-oriented approach, seeking businesses with defensible competitive advantages, recurring revenues, attractive returns on capital, and improving profitability prospects. The strategy aims to deliver above-average returns with below-average risk by purchasing quality businesses at attractive valuations, with portfolio allocations potentially differing significantly from global equity benchmarks.