Lyrical Asset Management Files Active U.S. Deep Value ETF

The Lyrical U.S. Value Equity ETF will focus on mid- and large-cap U.S. stocks that it believes are significantly undervalued relative to their long-term normalized earnings. The actively-managed strategy uses a proprietary quantitative screen covering the 1,000 largest U.S.-traded companies, followed by extensive fundamental research to identify businesses facing temporary challenges rather than permanent impairment. The fund will invest at least 80% of assets in U.S.-listed common stocks and aims to uncover durable companies whose share prices do not reflect their underlying earnings power.