Westwood LBRTY Global Equity ETF
BFRE
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 200 Crescent Court, Suite 1200 Dallas TX United States of America 75201
- IPO Date
- Mar 27, 2025
- CIK
- 0001545440
- Website
- westwoodgroup.com
- Similar Companies
- Business
- Westwood LBRTY Global Equity ETF (BFRE) is an exchange-traded fund that seeks to track the TOBAM LBRTY All World Equity Index by investing primarily in global equities from democratic developed and emerging markets; the fund reduces direct and indirect exposure to authoritarian regimes, such as China, through a rules-based methodology grounded in measures of political freedom, economic liberty, and human rights; top holdings include NVIDIA Corp., Microsoft Corp., Apple Inc., Amazon.com Inc., and Alphabet Inc., with sector weights emphasizing technology, communication services, and financials. The ETF provides broad market diversification across democratically governed countries while aiming to capture economic advantages linked to democratic governance, as supported by academic research including Nobel Prize-winning studies; it trades on the NYSE Arca exchange with an expense ratio of 0.50% and quarterly distributions. Launched on March 27, 2025, by Westwood Holdings Group, Inc. (NYSE: WHG), a boutique asset management firm founded in 1983 and headquartered in Dallas, Texas, BFRE represents a strategic expansion of Westwood's ETF lineup, which also includes the Enhanced Midstream Income ETF (MDST) and Enhanced Energy Income ETF (WEEI); the fund licenses TOBAM's proprietary LBRTY methodology to offer investors a nuanced approach to mitigating geopolitical risks from autocratic exposure without sacrificing global equity benchmarks. Recent developments include the fund's official NYSE listing and trading inception in late March 2025, marking Westwood's entry into anti-authoritarian themed global equity strategies amid rising investor demand for geopolitical risk management; as a newly formed fund with limited operating history and assets under management around $2.7 million, BFRE has maintained relatively tight premium/discount tracking to its NAV.