New Product Suite will be Available in
ActivePassive PMC Portfolios—Leveraging the Tax-Efficient &
Liquid ETF Structure with No Additional Management Fee
BERWYN,
Pa., May 9, 2023 /PRNewswire/ -- At a time when
many advisors are seeking to create portfolio solutions featuring
the benefits of both traditional active investments and low-cost
passive investments, Envestnet | PMC has launched a series of
ActivePassive Exchange-Traded Funds (ETFs) enabling financial
advisors to access this combined strategy within cost-effective,
tax-efficient, liquid, and transparent investment vehicles. These
new ETFs will be featured in the ActivePassive PMC ETF
Portfolios1.
This launch supports Envestnet | PMC's ongoing research
indicating that systematic factor-based strategies and skilled,
traditional active strategies combined with passive investment
vehicles may be a more efficient and cost-effective approach to
returns generation. The four ActivePassive ETFs—the ActivePassive
U.S. Equity ETF (APUE), ActivePassive International Equity ETF
(APIE), ActivePassive Core Bond ETF (APCB), and ActivePassive
Intermediate Municipal Bond ETF (APMU)—consist of passive and
factor-based exposures managed by Envestnet, and active exposures
managed by third-party industry known investment managers that are
carefully vetted by PMC's research team.
"As pioneers bringing together active and passive investment
styles, our mission has always been to provide investors with a
single portfolio that marries the best attributes of both active
and passive investing at a low cost," said Dana D'Auria, CFA,
Co-Chief Investment Officer and Group President of Envestnet
Solutions. "ETFs are inherently tax-efficient and liquid
structures, and help make it easier for advisors to build
portfolios aligned with client needs. We are proud to be able to
make active and passive investing combinations both actionable and
accessible to advisors and their clients."
The ETFs are available in the ActivePassive PMC ETF Portfolios,
Envestnet | PMC's ActivePassive multi-asset model portfolios, and
have been offered to implement the views of the models' portfolio
managers in a tax-efficient way with no additional management fee.
Greg Classen, CFA, Principal
Director of Portfolio Management at Envestnet | PMC, and
Tim Murphy, Director of Portfolio
Management at PMC, have led the management of the ActivePassive PMC
Portfolios since 2014, producing attractive results relative to
benchmarks and peers.
"The launch of the ActivePassive ETFs gives us the opportunity
to harness all of our best asset management and research resources
within PMC and across the Envestnet ecosystem for the benefit of
advisors and their clients," said Brooks
Friederich, Principal Director of Research Strategy at
Envestnet | PMC. "Our ActivePassive portfolios and ETF wrapper
options simplify the blending of active and passive investments for
advisors, aimed at allowing them to devote more time to
revenue-producing activities and helping to improve outcomes for
their clients."
More information about the ActivePassive ETF Portfolios is
available at
https://go.envestnet.com/l/810433/2022-08-29/p3tq3t
About Envestnet
Envestnet is transforming the way
financial advice is delivered through an ecosystem of technology,
solutions and intelligence. By establishing the connections between
people's daily financial decisions and long-term financial goals,
Envestnet empowers them to make better sense of their finances and
live an Intelligent Financial Life™. With more than
$5 trillion in platform assets – more
than 106,000 advisors, 16 of the 20 largest U.S. banks, 47 of the
50 largest wealth management and brokerage firms, more than 500 of
the largest RIAs, and thousands of companies, depend on Envestnet
technology and services to help drive better outcomes for their
businesses and for their clients.
Envestnet refers to the family of operating subsidiaries of the
public holding company, Envestnet, Inc. (NYSE: ENV). For more
information on Envestnet, please visit www.envestnet.com and follow
us on Twitter (@ENVintel).
For more information about Envestnet | PMC, please visit
https://www.investpmc.com.
Media Contact:
Dana
Taormina
JConnelly for Envestnet
envestnetpr@jconnelly.com
(973) 647-4626
Before investing you should carefully consider the fund's
investment objectives, risks, charges and expenses. This and other
information in the prospectus, a copy of which may be obtained from
1-800- 617-0004 or www.activepassive.com. Please read the
prospectus carefully before you invest.
Investing involves risk including possible loss of
principal.
Investments that utilize an ActivePassive strategy carry
specific risks that investors should consider before investing in
ActivePassive portfolios. In certain market conditions, combining
active and passive investment strategies may lose value or
underperform fully active or fully passive strategies.
ActivePassive investment strategies are also subject to the risks
of both active and passive investment strategies. Active investment
strategies are subject to active risk. Active risk arises by
deviating a portfolio or investment away from its passive benchmark
through portfolio management decisions that are made by either
humans or software which are subject to error and/or bias. Passive
investment strategies have the risk of not closely track the
performance of the underlying index they seek to replicate. While
attempting to track an index, passive investments often do not
consider a company's profitability, financial health, or growth
potential in their investment selection criteria.
Only authorized participants ("APs") may engage in creation or
redemption transactions directly with the Fund. The Fund has a
limited number of institutions that may act as APs and such APs
have no obligation to submit creation or redemption orders.
Consequently, there is no assurance that APs will establish or
maintain an active trading market for the shares.
The ETFs are distributed by Foreside Fund Services, LLC.
Foreside is not affiliated with Envestnet | PMC.
1 The PMC ActivePassive portfolios are available for
use by financial advisors on the Envestnet platform only. The
investor should consult with their financial advisor for guidance
when seeking to invest in the ActivePassive ETFs that may be
accessed through the ActivePassive Portfolios or via direct
investment.
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SOURCE Envestnet, Inc.