New York Life Investments announced the restructuring of its two semi-transparent active ETFs, NYLI Winslow Large Cap Growth ETF (IWLG) and NYLI Winslow Focused Large Cap Growth ETF (IWFG), converting them into fully transparent active ETFs.
Both ETFs are sub-advised and managed by Winslow Capital Management, an equity growth investment firm focused on long-term fundamental investing. The investment team is led by Justin Kelly, Patrick Burton, Peter Dlugosch, and Steven Hamill.
“IWLG and IWFG aim for long-term capital growth by utilizing a bottom-up investment process and investing in companies with above-average earnings and cash flow growth potential,” says the firm’s statement.
The ETFs are non-diversified, meaning they can invest a larger percentage of assets in fewer companies, allowing the portfolio management team to express their conviction in their best ideas. There are no changes to the investment team, process, or objectives as a result of the restructuring, concludes New York Life Investments.
