NEW
YORK, Oct. 16, 2023 /PRNewswire/ -- Neuberger
Berman, a private, independent, employee-owned investment manager,
is pleased to announce the completion of the conversion of two
actively managed mutual funds to ETFs: Neuberger Berman China
Equity ETF ("China ETF" - NYSE: NBCE) and Neuberger Berman Global
Real Estate ETF ("Real Estate ETF" - NYSE: NBGR).
Neuberger Berman believes ETFs can deliver the firm's investment
expertise to a potentially wider range of investors. The ETFs are
designed to provide investors with a unique opportunity to gain
exposure to growth markets in China and the global real estate sector,
supported by a rigorous, research-based approach to active
management. Neuberger Berman's team of investment professionals
bring together deep market expertise, innovative data science
capabilities, and strong corporate engagement tools to manage these
investment solutions.
The China ETF seeks long-term growth of capital by providing
investors access to what we believe are high-quality companies tied
economically to China. The China
ETF will focus on investing primarily in China-A Share equity securities, Chinese
securities listed in Hong Kong and
American Depository Receipts (ADRs) of companies that demonstrate
strong balance sheets, prospects for good returns on equity, and
above-average earnings growth. The China ETF will seek to invest in
companies that exhibit leadership in environmental, social and
governance issues that are deemed by the Portfolio Managers to be
important to the long-term success of such companies.
The Real Estate ETF seeks total return by investing in a global
portfolio of real estate investment trusts (REITs) and securities
of other real estate companies using fundamental analysis of each
company while also considering macro economic and market
developments to identify regions, countries and/or real estate
sectors that they believe may be particularly attractive. The Real
Estate ETF is underpinned by a multisite team approach with
Portfolio Managers located across continents to incorporate a local
perspective.
These conversions build on the firm's existing active ETF
offering by expanding client access to an established investment
capability in an investment vehicle that provides daily portfolio
transparency, intra-day tradability and pricing. With the
completion of these conversions, Neuberger Berman has six
actively-managed ETFs in the marketplace, including a suite of
active thematic ETFs.
About Neuberger Berman
Neuberger Berman, founded in 1939, is a private, independent,
employee-owned investment manager. The firm manages a range of
strategies—including equity, fixed income, quantitative and
multi-asset class, private equity, real estate and hedge funds—on
behalf of institutions, advisors and individual investors globally.
Neuberger Berman's investment philosophy is founded on active
management, engaged ownership and fundamental research, including
industry-leading research into material environmental, social and
governance factors. Neuberger Berman is a PRI Leader, a designation
awarded to fewer than 1% of investment firms. With offices in 26
countries, the firm's diverse team has over 2,750 professionals.
For nine consecutive years, Neuberger Berman has been named first
or second in Pensions & Investments Best Places to Work in
Money Management survey (among those with 1,000 employees or more).
The firm manages $449 billion in
client assets as of September 30,
2023. For more information, please visit our website at
www.nb.com.
An investor should consider the ETFs investment objectives,
risks and fees and expenses carefully before investing. This and
other important information can be found in the Fund's prospectus,
and if available summary prospectus, which you can obtain by
calling 877.628.2583. Please read the prospectus, and if available
the summary prospectus, carefully before making an
investment.
All ETF products are subject to risk, including possible loss of
principal. Stock prices fluctuate, sometimes rapidly and
dramatically, due to factors affecting individual companies,
particular industries or sectors, or general market conditions,
including adverse issuer, political, regulatory, market, economic
or other developments that may cause broad changes in market value,
public perceptions concerning these developments, and adverse
investor sentiment. An individual security may be more volatile,
and may perform differently, than the market as a whole.
Foreign securities, including emerging markets, involve risks in
addition to those associated with comparable U.S. securities.
Additional risks include exposure to less developed or less
efficient trading markets; social, political, diplomatic, or
economic instability; trade barriers and other protectionist trade
policies (including those of the U.S.); significant government
involvement in an economy and/or market structure; fluctuations in
foreign currencies or currency redenomination; potential for
default on sovereign debt; nationalization or expropriation of
assets; settlement, custodial or other operational risks; higher
transaction costs; taxes; and less stringent auditing, corporate
disclosure, governance, and legal standards. Changes in currency
exchange rates could adversely impact investment gains or add to
investment losses.
REITs and other real estate company securities are subject to
risks similar to those of direct investments in real estate and the
real estate industry in general, including, among other risks:
general and local economic conditions; changes in interest rates;
declines in property values; defaults by mortgagors or other
borrowers and tenants; increases in property taxes and other
operating expenses; overbuilding in their sector of the real estate
market; fluctuations in rental income; lack of availability of
mortgage funds or financing; extended vacancies of properties,
especially during economic downturns; changes in tax and regulatory
requirements; losses due to environmental liabilities; casualty or
condemnation losses; changing social trends regarding working
arrangements; or other economic, social, political, or regulatory
matters affecting the real estate industry. REITs also are
dependent upon the skills of their managers and are subject to
heavy cash flow dependency or self-liquidation.
There can be no guarantee that the Portfolio Managers will be
successful in their attempts to manage the risk exposure of the
Fund or will appropriately evaluate or weigh the multiple factors
involved in investment decisions, including issuer, market and/or
instrument-specific analysis, valuation and environmental, social
and governance (ESG) factors.
These and other risks are discussed in more detail in the Fund's
prospectus. Please refer to the prospectus for a complete
discussion of the Fund's principal risks.
This material is general in nature and is not directed to any
category of investors and should not be regarded as individualized,
a recommendation, investment advice or a suggestion to engage in or
refrain from any investment-related course of action. Neuberger
Berman is not providing this material in a fiduciary capacity and
has a financial interest in the sale of its products and services.
Investment decisions and the appropriateness of this material
should be made based on an investor's individual objectives and
circumstances and in consultation with his or her advisors.
Accordingly, "retail" retirement investors are not the intended
recipients of this material as they are expected to engage the
services of an advisor in evaluating this material for any
investment decision. If your understanding is different, we ask
that you inform us immediately.
The "Neuberger Berman" name and logo and "Neuberger Berman
Investment Advisers LLC" name are registered service marks of
Neuberger Berman Group LLC. The individual fund names in this piece
are either service marks or registered service marks of Neuberger
Berman Group LLC or Neuberger Berman Investment Advisers LLC, an
affiliate of Neuberger Berman BD LLC, distributor, member
FINRA.
Media Contact: Alex Samuelson,
212 476 5392, Alexander.Samuelson@NB.com
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