WEST HARTFORD, Conn. - March 29, 2018 - (Newswire.com)
Validea Capital Management, a systematic based asset manager and advisor to the Validea Market Legends ETF (Nasdaq: VALX), has announced that as of April 1, 2018 the Validea Market Legends ETF will shift from an active to a passively managed fund. The fund will track the Validea Market Legends Index, which will hold the top rated stocks according to Validea Capital's quantitative investment models, which are built on the fundamental strategies of legendary investors such as Warren Buffett, Ben Graham, Peter Lynch, John Neff and many others.
The Validea Market Legends Index uses a rules-based investment methodology that combines 10 distinct quantitative models, each selecting the highest rated 10 stocks. The final index is comprised of the 100 securities that score and rank highest based on the underlying strategies being utilized by Validea Capital. The index follows a monthly rebalancing schedule.
John Reese, founder and CEO of Validea Capital, says "the move to passive will give our fund more marketability and also be more shareholder-friendly from a tax perspective." "The underlying investment strategy will remain the same," he says, "but the passive exemptive relief we have been granted allows us to track the Validea Market Legends Index and obtain the potential benefits of passive funds."
For more information on the Validea Market Legends ETF (VALX) and the underlying investment strategy, please go here https://www.valideafunds.com.
About Validea Capital Management, LLC.
Validea Capital is an SEC-registered investment advisory firm focused on running a series of quantitative and systematically-based investment models. The principals of Validea Capital have researched history's top stock pickers and developed computer models that mimic these fundamental stock selection approaches. The firm's integrated factor-based models utilize the investment criteria that helped market legends like Warren Buffett, Peter Lynch and Ben Graham outperform the market. The firm provides access to these models through its ETF, its robo advisory platform and via private account management and sub advisory mandates. https://www.valideacapital.com
Important Disclosures
The fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus and summary prospectus contains this and other important information about the investment company, or a free, hard-copy may be obtained by calling 1-800-730-3457. Read it carefully before investing.
Investing involves risk. Principal loss is possible. The Validea Market Legends Fund has the same risks as the underlying securities traded on the exchange throughout the day. Redemptions are limited and often commissions are charged on each trade, and ETFs may trade at a premium or discount to their net asset value. Shares are not individually redeemable from the fund and may be acquired or tendered in large creation units only. The Fund is non-diversified, meaning it may concentrate its assets in fewer individual holdings than a diversified fund. Therefore, the Fund is more exposed to individual stock volatility than a diversified fund. The Fund invests in foreign and emerging markets securities which involve political, economic and currency risks, greater volatility and differences in accounting methods. The Fund invests in smaller companies, which involve additional risks such as limited liquidity and greater volatility. The Adviser relies heavily on proprietary quantitative models as well as information and data supplied by third parties. When Models and Data prove to be incorrect or incomplete, any decisions made in reliance thereon expose the Fund to potential risks.
Nothing contained in this communication constitutes tax, legal, or investment advice. Investors must consult their tax advisor or legal counsel for advice and information concerning their particular situation.
Active investing has higher management fees because of the manager's increased level of involvement while passive investing has lower management and operating fees. Investing in both actively and passively managed mutual funds involves risk and principal loss is possible. Both actively and passively managed mutual funds generally have daily liquidity. There are no guarantees regarding the performance of actively and passively managed mutual funds. Actively managed mutual funds may have higher portfolio turnover than passively managed funds. Excess turnover can limit returns and can increase capital gains.
The Validea Funds are offered only to United States residents, and information on this site is intended only for such persons. Nothing in this press release should be considered a solicitation to buy or an offer to sell shares of any Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.
Solactive AG is the third-party calculation agent of the Validea Market Legends Index and receives compensation in that capacity.
Solactive AG does not sponsor, endorse, sell, or promote any investment vehicle that is offered by any third party that seeks to provide an investment return based on the performance of any index. It is not possible to invest directly in an index.
Validea Capital Management is the Advisor to the Validea Market Legends ETF which is distributed by Quasar Distributors, LLC.
Press Release Service by Newswire.com
Original Source: Validea Market Legends ETF Shifts From Actively Managed to Passive Fund
