Lyrical Files International ETF Targeting Overlooked Developed-Market Stocks

The Lyrical International Value Equity ETF will focus on mid- and large-cap companies in developed markets that trade at discounts to their estimated long-term earnings potential. The actively-managed strategy combines a proprietary valuation screen covering the 1,500 largest developed-market stocks with intensive fundamental research to identify businesses facing temporary investor concerns rather than lasting structural problems. The fund will invest at least 80% of assets in non-U.S. developed-market equities, seeking to capture value opportunities that the adviser believes are mispriced by the market.