Thornburg Launches Focus Growth Fund Active ETF, Platform Exceeds $600M
Thornburg Investment Management has launched an actively managed ETF share class of its Focus Growth Fund and its American Opportunities Fund on Nasdaq, marking one of the first such listings. Since its first active ETFs in January 2025, Thornburg’s ETF platform has grown to over $600 million in assets.
1. Launch of ETF Share Classes
Thornburg has listed new ETF share classes of the Thornburg Focus Growth Fund and American Opportunities Fund on Nasdaq, marking one of the first active ETF share class listings. The new share classes extend Thornburg’s high-conviction strategies into a traded format, broadening access for individual and institutional investors.
2. Platform Growth
Since introducing its first active ETFs in January 2025, Thornburg’s ETF platform has captured over $600 million in assets. The firm now oversees $57 billion in client assets across equities, fixed income, multi-asset and alternative strategies, bolstering its presence in the ETF market.
3. Exemptive Relief and Share Class Benefits
The ETF share classes operate under SEC exemptive relief, allowing mutual fund strategies to be traded like ETFs. Shareholders benefit from intraday liquidity, potential tax efficiency and distinct purchase, redemption and dividend processes compared to traditional mutual fund shares.