Our First ETF Targets Insider Buying & Buybacks Using Tweedy’s Proprietary Research Model
STAMFORD, CT - October 4, 2024 — Tweedy, Browne Company, a 104-year-old value-oriented asset management firm serving institutional and individual clients with $8.6 billion under management (as of June 30, 2024), announced it is entering the ETF arena with the filing of the Tweedy, Browne Insider + Value ETF (the Fund) (NYSE Ticker: COPY).
As an actively managed and fully transparent ETF, the Fund utilizes a proprietary multi-factor Tweedy Browne value model, informed by empirical research and extensive experience of Tweedy, Browne’s Investment Committee, to target investment in U.S. and non-U.S. companies that Tweedy, Browne believes are undervalued and where the company’s “insiders” have been actively purchasing the company’s equity securities and/or the company is conducting opportunistic share buybacks. The investment process is largely quantitative and decision rule-based and is used to identify companies across a broad cross-section of market capitalizations.
The Tweedy, Browne Insider + Value ETF will be listed on the New York Stock Exchange and supported by The RBB Fund Complex, an ETF platform provider that oversees approximately $30 billion in assets for over 60 mutual fund or ETF offerings.
“Entering the ETF space is a natural extension of our business and affords taxpaying investors access to our actively managed strategies within a tax-efficient ETF structure. We are attempting to address the growing demand for value-oriented investment options in these innovative investment vehicles,” said Jason Minard, Managing Director and head of client services at Tweedy, Browne.
Managing Director and Investment Committee member John Spears commented, “We are excited about the chance to offer investors the opportunity to access what we often refer to as the ‘insider’s edge,’ the unique insight that high-ranking corporate executives and informed directors can have regarding the prospect for improvement of their company’s condition and share price.”
About Tweedy, Browne
Tweedy, Browne Company LLC is a leading practitioner of the value-oriented investment approach of legendary investor, author (The Intelligent Investor, Security Analysis), and Columbia Business School professor Benjamin Graham. Serving originally as a broker to Graham and other respected value investors, the firm’s 104-year history is grounded in undervalued securities, first as a market maker, then as an investor and investment adviser. As of June 30, 2024, assets under management totaled approximately $8.6 billion, comprising separate accounts, private funds, offshore funds, and SEC-registered mutual funds. The current Managing Directors, a retired principal, current employees, and their immediate family members had more than $1.6 billion invested in personal and Tweedy, Browne managed valueoriented portfolios as of June 30, 2024.
About RBB Fund Complex
The RBB Fund, Inc. and The RBB Fund Complex, together, are a turnkey ETF and mutual fund solution that permits an investment adviser to focus on its core competency of asset management and shifts most responsibility for the establishment, servicing, and corporate governance of funds to RBB. RBB oversees approximately $30 billion in assets, supporting 12 separate investment advisers, over 20 unaffiliated sub-advisers, and over 60 mutual fund or ETF offerings. For more information, please visit www.rbbfund.com.