Asset Management
What's New In Investments, Funds? – Scharf
The latest news in investment offerings, financial products and other services relevant to wealth advisors and their clients.
Scharf
Scharf ETF (“KAT” and the Scharf Global Opportunity ETF (“GKAT”),
began trading yesterday on the Nasdaq market, Scharf announced this
week.
KAT debuted with about $770 million in assets, while GKAT launched with about $120 million.
"Launching with this scale showcases immediate market recognition of our value-driven strategies ability to deliver risk-aware alternatives to the growth-heavy exposures dominating portfolios today,” Jason Marcus, chief operating officer, said in a statement.
KAT and GKAT transform Scharf’s mutual fund strategies into exchange-traded funds.
Scharf Investments, founded in 1983, is headquartered in Los Gatos, California.