Thornburg International Equity ETF (TXUE)
Thornburg International Equity ETF operates in the Asset Management - Global industry of the Financial Services sector, headquartered in Santa Fe, NM, US. The stock last traded at $35.47, up 0.72% on the session, giving a market capitalisation of $274.1M. Its beta of 0.38 implies it has historically moved less than the broad market.
The Thornburg International Equity ETF (TXUE) strategically builds a concentrated portfolio, typically holding 50 to 55 large-capitalization companies based outside the United States. This fund opportunistically invests across diverse sectors and developed economies, targeting a blend of classic value propositions, consistently profitable businesses, and emerging, high-potential ventures. Its primary objective is to maximize risk-adjusted returns by identifying strong, fundamentally sound companies that are currently undervalued, perhaps due to negative market perceptions or sector-specific challenges. Investment choices are rooted in in-depth, company-specific fundamental research, which is then complemented by broader macroeconomic insights concerning interest rates, inflation, and geopolitical trends. Although predominantly focused on large companies, the fund maintains the ability to invest across all market capitalizations. To manage foreign exchange risk, TXUE may employ derivatives, including currency forwards.
Thornburg International Equity ETF is most often compared with the following Financial Services names: