Your Ad Here

Monday, May 4, 2009

Grail American Beacon Large Cap Value ETF Listed on NYSE Arca

NYSE Euronext (NYX) announced that its wholly-owned subsidiary, NYSE Arca, today began trading the Grail American Beacon Large Cap Value ETF under the ticker symbol “GVT.” The ETF is sponsored by Grail Advisors.

The Grail American Beacon Large Cap Value ETF is the first product by Grail Advisors to list on NYSE Arca. The new fund represents the industry’s first ETF to use traditional active management.

The Fund's primary investment objective: Long-term capital appreciation and current income.

PRINCIPAL INVESTMENT STRATEGIES: Ordinarily, at least 80% of the ETF’s net assets (plus the amount of any borrowings for investment purposes) are invested in equity securities of large market capitalization U.S. companies. Such companies generally have market capitalizations similar to the market capitalizations of the companies in the Russell 1000® Index* at the time of investment. The Russell 1000 Index measures the performance of the 1,000 largest U.S. companies based on total market capitalization. As of December 31, 2008, the market capitalizations of the companies in the Russell 1000 Index ranged from $240 million to $421.8 billion. The equity securities in which the ETF may invest may include common stocks, preferred stocks, securities convertible into U.S. common stocks, U.S. dollar-denominated American Depositary Receipts, and U.S. dollar-denominated foreign stocks traded on U.S. exchanges (collectively referred to as “stocks”).

* Russell 1000 Index is a registered trademark of Frank Russell Company.

The ETF’s assets are currently allocated among three investment sub-advisers:
Brandywine Global Investment Management, LLC
Hotchkis and Wiley Capital Management, LLC
Metropolitan West Capital Management, LLC

The ETF’s investment sub-advisers select stocks that, in their opinion, have most or all of the following characteristics (relative to the Russell 1000 Index):
• above-average earnings growth potential,
• below-average price to earnings ratio,
• below-average price to book value ratio, and
• above-average dividend yields.

The fund’s prospectus and other fund information are available at:

Disclosure None

1 comment: