Latest news with #EAGL
The Star
3 days ago
- General
- The Star
Pin Supu forest reserve is Malaysia's first terrestrial site on prestigious conservation list
KOTA KINABALU: The Pin Supu Forest Reserve in Kinabatangan, Sabah, is the first terrestrial site in Malaysia to be included into the Green List of Protected and Conserved Areas by the International Union for Conservation of Nature (IUCN). This listing recognises excellence in conservation and protected area management, marking a significant achievement for Pin Supu. Sabah chief conservator of forests Datuk Frederick Kugan said the certification, which was issued in May and valid for a period of five years, places Pin Supu Forest Reserve as among the world's best-managed and most effectively governed protected areas. 'More importantly, this reserve is jointly managed by the Sabah Forestry Department (SFD) in collaboration with Kopel Berhad, a community-based cooperative in Kinabatangan,' he added. He said Pin Supu is a Class VI Virgin Forest Reserve, encompassing 4,620 hectares, surrounded by five villages to assist in conservation projects. A 10-year joint forest management agreement (2016-2026) was established between the Sabah government through the SFD and Kopel Berhad. Kugan said this partnership has brought positive outcomes, including nature-based tourism development that benefit local communities and promote sustainable forest management within the Kinabatangan area. He said the journey towards Green List certification began with the formal application in 2021. 'Over the course of four years, the site underwent a rigorous multi-phase process (application phase and candidate phase) to complete the 50 indicators required for the certification. 'This included comprehensive self-assessments, evidence submission through the Compass platform, independent expert evaluations by the expert assessment group for the Green List (EAGL), and a final review and verification by an independent reviewer,' said Kugan. The key milestone was the EAGL site visit, followed by the final reviewer verification in December 2024, he added. He reiterated that managing Pin Supu with the involvement of surrounding communities has given numerous positive impacts – environmental, social and economic benefits, including biodiversity conservation, local empowerment, and income growth. 'This shows the success of joint efforts in promoting environmental sustainability. This IUCN recognition is a testament to the dedication and collaborative efforts of the Sabah Forestry Department and local community in particular Kopel Berhad,' Kugan said. Earlier in 2022, the Sugud Islands Marine Conservation Area (Simca), also in Sabah, was recognised as the country's first marine IUCN Green Listed Area.
Yahoo
24-03-2025
- Business
- Yahoo
Eagle Capital Celebrates One-Year Anniversary of EAGL ETF
U.S. equity manager highlights $2 billion ETF's performance and growth since its 2024 launch and encourages financial advisors and consultants to reassess client equity allocations based on current market and index conditions. NEW YORK, March 24, 2025--(BUSINESS WIRE)--Eagle Capital Management (Eagle), an independent asset manager based in New York City, today celebrates the one-year anniversary of the Eagle Capital Select Equity ETF (NYSE Arca: EAGL). Since its March 2024 inception, EAGL has returned 13.40% NAV (13.13% Market Price) as of March 20, 2025. EAGL's AUM has grown from approximately $1.8 billion at launch to over $2.3 billion as of March 20, 2025, driven by strong investor inflows and fund performance. Eagle is pleased with EAGL's trading volumes, bid/ask spreads, and other key operational factors important to ETF investors. EAGL is a concentrated, actively managed large-cap equity ETF that seeks to produce superior returns over market cycles by investing in companies whose intrinsic values and growth prospects may be under-appreciated. Eagle has invested using this philosophy and discipline since its founding in 1988, built on a foundation of fundamental research, a long-term time horizon, and selectivity that results in a concentrated portfolio of 20-35 stocks. "I'm proud of our team at Eagle and grateful to our clients and partners for helping us reach this important one-year milestone," said Michael Falcon, CEO of Eagle. "Our disciplined, long-term strategy is distinct from most managers, and it's great that advisors and consultants now have an easy, tax-efficient way to access our capabilities," he continued. As stock indexes have recently become increasingly concentrated in the tech sector and a few large companies, many investment professionals are reassessing their U.S. equity exposure. "Passive investing has been a game-changer for many, but today's indexes are crowded, concentrated, and expensive" said John Galateria, Eagle's Head of Client Team. "Given the current market volatility, valuations, and index composition, there are real opportunities to enhance diversification and returns with the right manager." The Fund's performance data quoted above represents past performance and does not guarantee future results. The investment return and principal value of an investment in the Fund's shares will fluctuate such that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted above. Performance data current to the most recent month-end can be obtained by calling 833-782-2211. The Fund's return since inception (3/21/2024) through 12/31/2024 was 10.88% NAV (11.10% Market Price). The 1-year anniversary is significant and EAGL is continuing to gain recognition and add platform partners as a result. Falcon concluded, "We're committed to partnering with financial institutions, consultants, advisors and investors to improve their investment outcomes. The EAGL ETF, along with our core SMA and other offerings, is how we do that." About Eagle Capital Management Independent investment manager Eagle Capital Management was established in 1988 to invest in equities with a fundamental, value-oriented approach to build a concentrated, high-conviction portfolio with a long-term investment horizon. The firm is 100% employee-owned and serves sophisticated long-term investors such as pension funds, endowments, foundations, wealth advisors, family offices, and sovereign wealth funds. Eagle Capital is based in New York and as of December 31, 2024, managed $31 billion. For more, please visit Disclosures An investor should consider the investment objectives, risks, and charges and expenses of EAGL (the "Fund") carefully before investing. The Prospectus, which contains this and other information about the Fund, may be obtained by calling 212-293-4040. Please read the Prospectus carefully before investing. Gross Expense Ratio for EAGL is 0.80%. EAGL is distributed by Foreside Fund Services, LLC, unaffiliated with Goldman Sachs, consultant to the adviser. The Fund is non-diversified, which means that it may invest in the securities of fewer issuers than a diversified fund. As a result, the Fund may be more susceptible to a single adverse corporate, economic or political occurrence affecting one or more of these issuers, and may experience increased volatility due to its investments in those securities. Investing in ETFs involves risk, including potential loss of principal. American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) are subject to the risks associated with investing directly in foreign securities. In addition, investments in ADRs and GDRs may be less liquid than the underlying shares in their primary trading market. Investments in emerging markets securities are considered speculative and subject to heightened risks in addition to the general risks of investing in foreign securities. Fund investments in foreign currencies and securities denominated in foreign currencies are subject to currency risk. The Fund is actively-managed and may not meet its investment objective based on Eagle's success or failure to implement investment strategies for the Fund. A new or smaller fund is subject to the risk that its performance may not represent how the fund is expected to or may perform in the long term. In addition, new funds have limited operating histories for investors to evaluate and new and smaller funds may not attract sufficient assets to achieve investment and trading efficiencies. The Fund is an ETF, which is a fund that trades like other publicly-traded securities. ETFs may trade at a premium or discount to NAV. Shares of any ETF are bought and sold at market prices (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. The Fund is not an index fund. View source version on Contacts Media Tucker HewesHewes Communications, Inc.212-207-9451tucker@ Eagle Capital info@ 212-293-4040
