Congress AM debuts two US equity growth ETFs

Aug 25th, 2023 | By | Category: Equities

Boston-based Congress Asset Management has made its ETF debut with the launch of two actively managed funds targeting US companies with above-average growth in earnings or cash flow.

Congress AM debuts two US equity growth ETFs

Each ETF seeks out US companies with above-average growth potential.

The Congress Large Cap Growth ETF (CAML US) and Congress SMid Growth ETF (CSMD US) have been listed on NYSE Arca with expense ratios of 0.66% and 0.69%, respectively.

CAML selects its constituents from a universe of large-cap stocks, while CSMD focuses on companies within the mid- and small-cap segments. Both ETFs may invest up to 20% of their assets in American Depository Receipts.

Congress utilizes a bottom-up approach to selecting securities, emphasizing a company’s fundamentals and prospects instead of timing significant economic or market cycles. The firm’s growth-style process focuses on companies with established profitability, strong competitive positions, a history of earnings growth, positive free cash flow, and prudent use of debt and leverage.

Once the pool of securities has been screened, Congress evaluates each company’s price relative to its own history as well as that of its peers, accounting for current economic and market conditions.

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