First Eagle's Active ETF Push Gathers Steam With New US Value Launches
First Eagle Investments has launched two new U.S. value-focused ETFs, the First Eagle Mid Cap Equity ETF (FEMD) and the First Eagle US Equity ETF (USFE), expanding its active ETF lineup. This follows the company's successful entry into the ETF market over a year ago, accumulating $1.5 billion in assets. FEMD targets undervalued mid-cap companies, while USFE focuses on the broader U.S. equity market, both employing a value-oriented investment strategy. The firm aims to provide quality, liquidity, and diversification through these new offerings.
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