Vident Asset Management Congratulates Brown Advisory on the Launch of Its First ETF

Vident acts as sub-adviser to new fund from leading independent global investment management and strategic advisory firm

Vident Asset Management (“Vident”), a leading provider of a range of asset management and sub-advisory services, is today congratulating its client Brown Advisory on the launch of the Brown Advisory Flexible Equity ETF (BAFE).

BAFE launched on November 18, 2024, with $913 million in assets.

Vident acts as sub-advisor for BAFE, the first ETF from Brown Advisory, a fund designed to provide investors with exposure to domestic equities utilizing Brown Advisory’s proprietary “Flexible Equity” methodology which seeks to provide long-term performance in value names in both growth and value market cycles.

In bringing this fund to market, Brown Advisory and Vident partnered to utilize a 351 transaction to convert a number of Brown’s separately managed accounts into this single new ETF, given the potential that the ETF wrapper has to provide improved tax treatment and other benefits for Brown Advisory clients.

“We are thrilled to help welcome our colleagues at Brown Advisory to the fast-growing ETF ecosystem,” said Amrita Nandakumar, President of Vident. “Both of our firms have a commitment to putting the client first in all that we do, so it has been a true pleasure to work with their team on the journey from idea to launch day. We congratulate them on the launch of BAFE, which adds a powerful new portfolio construction tool to the building blocks available for advisors and investors.”

For more information on Vident Asset Management, please visit https://videntam.com/.

About Vident Asset Management

At Vident Asset Management (“Vident”), we bring expert thinking, technical and operational capability, and seamless execution to a diverse set of partners so they can provide their clients with specialized exposure solutions. The cornerstones of Vident are its accumulated knowledge, technical and operational expertise, and entrepreneurial spirit centered around our people, capabilities, and long-standing relationships with what we believe are best-in-class service providers.

As of October 31, 2024, Vident managed approximately $10.4 billion in assets across its proprietary ETF suite and sub-advised US-listed ETFs, UCITS, UCITS ETFs, separately managed accounts, CITs, and private funds.

Vident offers asset management and sub-advisory services, as well as quantitative research, data, index research and execution, and portfolio and strategy design services. Vident currently sponsors the Vident ETFs, a suite of four multi-factor index strategies and has designed several separately managed account (SMA) platforms on behalf of its clients, including direct indexing SMAs.

Our success and that of our clients is a result of intellectual curiosity and inspired collaboration. Through the blending of diverse and deep experience, we help clients tackle their most important challenges, assess new opportunities, and deliver innovative and useful solutions. For more information, visit https://videntam.com/.

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Chris Sullivan Craft & Capital [e-mail]