FPA Global Equity ETF (FPAG) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing primarily in a concentrated portfolio of global equities. The fund offers exposure to high-quality, growth-oriented companies across various sectors, including technology, consumer discretionary, healthcare, and financials; it employs a fundamental, bottom-up research process emphasizing durable competitive advantages, strong management teams, and attractive valuations. FPAG targets sophisticated investors seeking diversified international equity exposure with a focus on companies demonstrating sustainable earnings growth and robust balance sheets.
Launched in 2023 and domiciled in the United States with principal operations managed by Forward Management, LLC (headquartered in San Francisco, California), the ETF trades on the NYSE Arca exchange and serves institutional and retail investors worldwide. Its portfolio typically holds 25-40 securities, with significant allocations to U.S., European, and emerging market equities; key holdings often include leading firms like those in semiconductors, software, and biotechnology.
In recent developments, FPAG marked its one-year performance milestone in 2024, achieving strong relative returns amid volatile markets through strategic positioning in resilient growth names. The fund expanded its emerging markets sleeve in late 2024 via selective additions to enhance diversification without compromising quality filters. Forward Management announced enhanced ESG integration into FPAG's investment criteria in Q3 2025, reflecting a strategic shift toward sustainable global equities amid evolving investor preferences.