ETFdb Logo
ETFdb Logo
  • ETF Database
  • Channels
    • Active ETF
    • Alternatives
    • Beyond Basic Beta
    • China Insights
    • Climate Insights
    • Commodities
    • Core Strategies
    • Crypto
    • Disruptive Technology
    • Dividend
    • Dual Impact
    • Emerging Markets
    • Energy Infrastructure
    • ESG
    • ETF Building Blocks
    • ETF Education
    • ETF Strategist
    • Fixed Income
    • Free Cash Flow
    • Future ETFs
    • Global Diversification
    • Gold & Silver Investing
    • Innovative ETFs
    • Institutional Income Strategies
    • Leveraged & Inverse
    • Managed Futures
    • Market Insights
    • Megatrends
    • Modern Alpha
    • Multi-Asset
    • Night Effect
    • Portfolio Strategies
    • Retirement Income
    • Richard Bernstein Advisors
    • Tax Efficient Income
    • Thematic Investing
    • Volatility Resource
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Sector Tracker Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
    • ETF Data for Journalists
    • ETF Nerds
  • Research
    • First Bitcoin ETF
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Index Education
    • Index Insights
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Multimedia
    • ETF 360 Video Series
    • ETF Trends on Videos
    • ETF Trends on Podcasts
    • ETF Prime Podcast
  • Company
    • About Us
    • Swag Store
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. ETC & North Shore Indices Release Dual Class ETF, DUAL
News
Share

ETC & North Shore Indices Release Dual Class ETF, DUAL

Aaron NeuwirthAug 12, 2020
2020-08-12

On Wednesday, Exchange Traded Concepts (ETC) announced, in conjunction with North Shore Indices, the launch of the North Shore Dual Share Class ETF (NYSE: DUAL).

“We are proud to expand our relationship with North Shore by offering a second ETF with the firm,” said J. Garrett Stevens, CEO of Exchange Traded Concepts, referring to the North Shore Global Uranium Mining ETF (URNM ), which launched December 2019. “We believe that DUAL offers investors exposure to a non-traditional source of alpha1 that is not readily available in other investment products,” Mr. Stevens went on to note.

DUAL seeks to provide investment results that, before fees and expenses, generally correspond to the total return performance of the North Shore Dual Share Class Index. The Index is designed to track the performance of dual-class companies listed in the United States. Dual-class companies issue at least two shares to the public – one to the general public with either limited or no voting rights and one for the company’s founders and executives which possess most, if not all, of the voting rights.

“Visionary founders of young, innovative companies may utilize the dual-class structure so as to gain access to the public markets without giving up control of their companies,” noted Tim Rotolo, Founder of North Shore Indices. Mr. Rotolo goes on to note that “the dual-class structure may reduce the pressure on company founders and management exerted by outside shareholders that may have short-term objectives, such as profits or share price maximization.”

The index, which underlies the Fund emphasizes younger companies where the potential benefits of the dual-class structure may be the greatest and reduces that emphasis as the company matures.

The domain expert developing the Index is Panos N. Patatoukas, Ph.D., a tenured Associate Professor and the L.H. Penney Chair in Accounting at U.C. Berkeley, Haas School of Business. Dr. Patatoukas notes that “the dual-class equity structure may allow companies to pursue strategies and goals that have a potential long-term payout with less outside pressure for short-term performance.” A vital feature of the Index is that it targets dual-class companies during the time in their corporate history when we believe that the net benefits of the dual-class equity structure are still positive.

“While dual-class companies may represent attractive investment opportunities, investors lack pure-play investment vehicles to gain exposure to these companies,” says Mr. Rotolo, who further notes that “an important part of our thesis is that major index providers have reduced the weighting of, or totally eliminated, dual-class companies from their indices.”

DUAL may provide an attractive investment vehicle for investors seeking alternatives to traditional US equity exposure as well as exposure to the potential growth of dual-class companies.

Learn more about the fund at http://dualetf.com/.

This article originally appeared on ETFTrends.com.


Content continues below advertisement

» Popular Pages

  • Tickers
  • Articles

Jan 27

ETF Issuer League: JPMorgan ETFs Almost $100 Billion

Jan 27

Main Management Market Note: January 27, 2023

Jan 27

As Recession Signals Grow, Turn to Risk-Managed ETFs

Jan 27

HGER Acts as a Compelling Solution for Inflation

Jan 27

Mutual Fund-to-ETF Conversions: The Future in 4 Charts

Jan 27

American Century ETF Duo Hits Key Buy Signals Friday

Jan 27

ACES and AMLP Aid Investing in the Energy Transition

Jan 27

Target Long Duration, High Quality Fixed Income

Jan 27

The Sharpe-r Way to Invest

Jan 27

Structure Matters: Volatility May Make 60/40 Unclear

QQQ

Invesco QQQ Trust

SPY

SPDR S&P 500 ETF Trust

VOO

Vanguard S&P 500 ETF

VGT

Vanguard Information...

SMH

VanEck Semiconductor ETF

XLK

Technology Select Sector SPDR...

VTI

Vanguard Total Stock Market...

SOXX

iShares Semiconductor ETF

BLOK

Amplify Transformational Data...

META

Roundhill Ball Metaverse ETF


Content continues below advertisement

Loading Articles...
Help & Info
  • Contact Us
Tools
  • ETF Screener
  • ETF Analyzer
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Performance Visualizer
  • ETF Database Model Portfolios
  • ETF Database Realtime Ratings
  • ETF Database Pro
More Tools
  • ETF Launch Center
  • Financial Advisor & RIA Center
  • ETF Database RSS Feed
Explore ETFs
  • ETF News
  • ETF Picks of the Month
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Best ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Legal
  • Terms of Use and Privacy Policy
  • © 2023 VettaFi LLC. All rights reserved.
Follow ETF Database
Follow ETF Database

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X