The newly launched MIG Core ETF (NYSE:MIGO) aims to offer investors access to U.S. large-cap stocks, as per company officials. As part of the agreement, Exchange Traded Concepts will serve as the ETF’s investment advisor, and MIG Capital will serve as the sub-advisor, managing the portfolio and providing strategic guidance.
The ETF aims to take a disciplined, research-driven approach to identify companies with long-term growth prospects.
The ETF will invest in equity securities of U.S. large-cap companies or investments with similar characteristics, according to J. Garrett Stevens, co-founder and chief business officer of Exchange Traded Concepts.
The ETF reflects the company's philosophy of identifying businesses that have the potential to compound value over time, Richard Merage, CEO of MIG Capital, said.
The launch comes at a time when investors have been increasingly inclined toward large-cap stocks amid prevailing market volatility, high interest-rate uncertainty, and uneven economic growth. Investors have shown a preference for established companies with sound balance sheets and stable cash flows, as they are perceived as more resilient than smaller companies. In this context, a strategy that focuses on high-quality U.S. large-cap stocks may be attractive to investors.
The fund’s expense ratio is 0.45%.
MIG Capital is an SEC-registered institutional investment management firm, established in 2002.
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