Gabelli Asset ETF (GAST) Completes Rebranding to Gabelli Automation ETF
07 Junio 2022 - 3:04PM
Business Wire
Gabelli Asset ETF (NYSE: GAST) has been renamed Gabelli
Automation ETF (NYSE: GAST), reflecting its focus on investing
in the automation ecosystem. This team-managed fund will not incur
any fees or expenses for the first $25 million of the Fund’s assets
under management.
GAST’s investment objective is to achieve capital appreciation.
The fund will seek to identify and invest in leading firms that
design, develop, support, or manufacture automation equipment,
related technology, software or processes, and in firms that use
these technologies to automate and increase productivity in their
own businesses. These businesses include industrial and service
automation, robotics, artificial intelligence, autonomous driving,
and related equipment and software. In pursuing this investment
theme, the Fund may invest in firms in any economic sector and in
any geographic region. The fund evaluates the entire ecosystem of
components and technology providers that support the reshaping and
upgrading of global production networks and that address tight
labor markets and productivity challenges worldwide.
Leading the investment team of GAST is Brett Kearney, CFA who
joined the firm in 2017. Brett graduated cum laude with a BS in
business administration from Washington and Lee University and
holds an MBA from Columbia Business School, where he participated
in the school’s Value Investing Program. Brett has over a decade of
investment management experience having worked as an analyst at
Schultze Asset Management, Fidus Mezzanine Capital, and the Bond
& Corporate Finance Group of John Hancock Financial
Services.
Also on the team is veteran portfolio manager and analyst,
Justin Bergner, CFA, who originally joined the firm in 2005 as a
metals and mining analyst, and for the last eight plus years has
focused his efforts as industrial analyst following a number of
broadly diversified firms. Mr. Bergner received an MBA in Finance
and Accounting from the Wharton School at the University of
Pennsylvania and graduated cum laude from Yale University with a BA
in Economics & Mathematics.
Rounding out the team is Hendi Susanto who joined Gabelli Funds
in 2007 and specializes in the broad technology sector including
software, hardware, cyber security, and semiconductors. Mr. Susanto
holds an MBA in finance from the Wharton School, and an MS from MIT
after graduating summa cum laude with a BS from the University of
Minnesota.
GAMCO Investors, Inc. (NYSE:GBL), through its subsidiaries,
manages assets of private advisory accounts (GAMCO) and mutual
funds and closed-end funds (Gabelli Funds, LLC), and is known for
its Private Market Value with a Catalyst™ style of investment. As
of March 31, 2022, GAMCO Investors, Inc. had $33.3 billion in
assets under management. Further information can be found at
www.gabelli.com
About Gabelli Automation ETF
Gabelli Automation ETF is a diversified, open-end management
investment company whose primary investment objective is to seek
capital appreciation. Under normal market conditions, the Fund will
invest at least 80%, of its assets in U.S. exchange-listed common
and preferred stocks of companies that meet the Fund’s guidelines
for automation. Your investment in the Fund is not guaranteed and
you could lose some or all of the amount you invested. The Fund is
managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors,
Inc. (NYSE:GBL).
Please read the Prospectus, including the Risk Discussion,
carefully (when it becomes available) to understand the attributes
and risks of this ETF before investing.
This ETF is different from traditional ETFs. Traditional ETFs
tell the public what assets they hold each day. This ETF will not.
This may create additional risks for your investment. For
example:
- You may have to pay more money to trade the ETF’s shares. This
ETF will provide less information to traders, who tend to charge
more for trades when they have less information.
- The price you pay to buy ETF shares on an exchange may not
match the value of the ETF’s portfolio. The same is true when you
sell shares. These price differences may be greater for this ETF
compared to other ETFs because it provides less information to
traders.
- These additional risks may be even greater in bad or uncertain
market conditions. The differences between this ETF and other ETFs
may also have advantages. By keeping certain information about the
ETF secret, this ETF may face less risk that other traders can
predict or copy its investment strategy. This may improve the ETF’s
performance. If other traders are able to copy or predict the ETF’s
investment strategy, however, this may hurt the ETF’s performance.
For additional information regarding the unique attributes and
risks of the ETF, see the ActiveShares prospectus/registration
statement.
You should consider the ETF’s investment objectives, risks,
charges and expenses carefully before you invest. The ETF’s
Prospectus, which will be available from G.distributors, LLC, a
registered broker-dealer and FINRA member firm, will contain this
and other information about the ETF, and should be read carefully
before investing.
Gabelli Funds, LLC is a registered investment adviser with the
Securities and Exchange Commission and is a wholly owned subsidiary
of GAMCO Investors, Inc. (NYSE:GBL)
To obtain a Prospectus, please visit
https://www.gabelli.com/funds/etfs or call:
John Ball, 914-921-7728
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version on businesswire.com: https://www.businesswire.com/news/home/20220607006266/en/
John Ball Senior Vice President (914) 921-7728
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