#United States #Chicago #Oakmark ETF #Harris Associates #Bill Nygren

Harris Associates Introduces the Oakmark U.S. Large Cap ETF

In a significant development for investors, Harris Associates L.P. has launched the Oakmark U.S. Large Cap ETF (NYSE: OAKM), marking its entry into the Exchange-Traded Fund arena. Harris Associates, an established player in the investment management industry, is well-known for its value-driven approach to investing. This particular ETF is designed with the aim of generating long-term capital appreciation by focusing on a diversified portfolio of common stocks from larger U.S. companies.

The Oakmark U.S. Large Cap ETF will be managed by a seasoned team comprising Bill Nygren, Robert Bierig, and Michael Nicolas. All three have substantial experience in active fund management and are also responsible for managing the Oakmark Fund. The launch of OAKM is part of Harris Associates’ commitment to offer tailored investment solutions that meet the evolving preferences of investors who are increasingly gravitating towards ETFs for their convenience and flexibility.

Investment Philosophy

The investment philosophy driving the Oakmark U.S. Large Cap ETF is grounded in a consistent value approach, which seeks to identify high-quality companies that are currently undervalued relative to their intrinsic worth. This strategy enables investors to tap into the potential of well-managed companies even when market conditions may not favor them. Under this framework, the ETF typically holds between 30 and 40 large-cap companies that are selected through rigorous bottom-up research, unconstrained by sector allocation.

Bill Nygren, a notable figure in the world of investments, expressed excitement about this new offering, stating, "We are thrilled to provide our value-based investment approach tailored for investors who appreciate the advantages offered by ETFs." He has been with Harris Associates since 1983 and is recognized for his success in portfolio management, having received accolades such as Morningstar's Domestic Stock Manager of the Year in 2001.

Robert Bierig and Michael Nicolas, who joined Harris|Oakmark in 2012 and 2013 respectively, share Nygren's enthusiasm. They believe that OAKM combines the firm’s integrity and experience in value investing with the inherent benefits of an actively managed ETF, including transparency, intra-day liquidity, and the potential for tax-efficient investing.

The Landscape of ETFs

The launch of the Oakmark U.S. Large Cap ETF comes at a time when the popularity of ETFs continues to soar. This growth is largely attributed to their accessibility, lower expense ratios compared to traditional mutual funds, and the flexibility they offer to investors looking to diversify their portfolios without incurring hefty fees. ETFs like OAKM empower individual investors to participate in a well-researched investment strategy employed by seasoned professionals.

While investing in OAKM or any ETF, investors should remain cognizant of the associated risks. Harris Associates has been transparent about the inherent risks involved, which include market volatility, sector risk, and the possibility of principal loss. Additionally, the ETF invests primarily in large-cap securities that may not exhibit rapid growth compared to smaller firms, potentially affecting performance depending on market conditions.

For potential investors, Harris Associates urges a careful assessment of the fund's investment objectives, inherent risks, and costs before making investment decisions. Investors can learn more about this exciting new ETF by visiting www.oakmark.com/OAKM.

In conclusion, the Oakmark U.S. Large Cap ETF represents an exciting opportunity for investors interested in long-term growth through a value-oriented approach. Harris Associates continues to demonstrate its commitment to adapting to market trends while delivering quality investment solutions. As the ETF market expands, OAKM stands to attract those looking for a reliable way to engage with U.S. equities through an actively managed structure.