Firm to Launch International Version of Its Insider-Informed Value Strategy on September 10, 2025
Stamford, CT — Tweedy, Browne Company LLC, a 105-year-old value-oriented asset management firm with $7.2 billion under management (as of June 30, 2025), today announced the upcoming launch of the International Insider + Value ETF (Ticker:ICPY) (the “Fund”), a natural extension of its innovative ETF offering introduced last year. The Fund is scheduled to begin trading on the New York Stock Exchange on September 10, 2025, and will be supported by The RBB Fund Complex, a provider overseeing approximately $35 billion in assets across mutual fund and ETF structures
Structured as an actively managed and fully transparent ETF, the Fund will utilize the same proprietary multi-factor model used in the firm’s original Insider + Value ETF (NYSE:COPY), but will focus exclusively on companies domiciled outside of the United States. The strategy seeks to identify international companies across a broad range of market capitalizations that the firm believes are undervalued and where corporate “insiders” have been actively purchasing shares and/or where the company is engaged in opportunistic share repurchase activity.
The investment process is largely quantitative and decision-rule-based, and draws on decades of empirical research by Tweedy, Browne and others into the predictive value of insider buying signals when combined with traditional valuation metrics.
“We’ve long believed that the behaviors of informed insiders, whether expressed through open-market purchases or thoughtful buyback programs, can offer powerful signals of future value,” said John Spears, Managing Director and member of the firm’s Investment Committee. “Importantly, this pattern has held outside the U.S. as well. This new ETF allows us to focus exclusively on international companies where we believe the ‘insider’s edge’ can also be potent.”
Jason Minard, Managing Director and head of client services, added, “Launching our first ETF last December (COPY) offered investors tax-efficient access to this active strategy, and we’ve been encouraged by its early success. With this new international fund, we’re applying the same value-conscious approach, grounded in insider buying signals, to non-U.S. stocks, offering investors another way to put this strategy to work.”
About Tweedy, Browne
Tweedy, Browne Company LLC is a leading practitioner of the value-oriented investment approach of legendary investor and 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 105-year history is grounded in undervalued securities, first as a market maker, then as an investor and investment adviser. As of June 30, 2025, assets under management totaled approximately $7.2 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 $1.7 billion invested in personal and Tweedy, Browne managed value-oriented portfolios as of June 30, 2025. For more information visit www.tweedy.com.
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 $35 billion in assets, supporting 18 separate investment advisers, over 22 unaffiliated sub-advisers, and over 70 mutual fund or ETF offerings. For more information, please visit www.rbbfund.com.
