First Manhattan Launches Actively Managed Equity ETF—FM Compounders Equity ETF (Ticker: FMCE)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 11 2024
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Source: Businesswire
Launch of FM Compounders Equity ETF: First Manhattan has introduced the FM Compounders Equity ETF (FMCE), an actively managed fund that targets 25 to 35 U.S. equities known for generating reliable free cash flow, utilizing a rigorous fundamental research approach.
Investment Philosophy and Goals: The ETF aims to provide investors with opportunities in resilient companies while maintaining competitive fees and tax efficiency, building on First Manhattan's long-standing commitment to wealth compounding and personalized client service.
Analyst Views on FMCE
Wall Street analysts forecast FMCE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FMCE is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 27.183
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Current: 27.183
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
