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Stock impact report

Brown Advisory Selects SEI to Launch First ETF [Yahoo! Finance]

SEI Investments Company (SEIC) 
Last sei investments company earnings: 4/23 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: seic.com/investor-relations
Company Research Source: Yahoo! Finance
OAKS, Pa. Nov. 18, 2024 /PRNewswire/ -- SEI ® (NASDAQ:SEIC) today announced that Brown Advisory selected the Advisors' Inner Circle Fund ® (AIC) series trust as its operational platform to launch the Brown Advisory Flexible Equity ETF (NASDAQ:BAFE), the firm's first ETF. A fundamental active strategy focused on U.S. companies, Brown Advisory's Flexible Equity ETF is managed by a tenured team with an existing footprint in mutual funds and separately managed accounts (SMAs). Brown Advisory's fund launches as the U.S. ETF market maintains a strong growth rate, reaching a record high of $10 trillion at the end of September. Institutional asset managers, such as Brown Advisory, have driven growth in recent years, bringing to market established strategies and entering the market with significant assets due to the conversion of SMAs or mutual funds. The BAFE ETF was launched through the conversion of taxable SMAs. Chris Bartlett , Head of the Institutional business of Brown Advisory, sa Show less Read more
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