From Graham to Global: Tweedy, Browne's Next Chapter

Core Insights - Tweedy, Browne Company has launched a new international ETF, the Tweedy, Browne International Insider + Value ETF (ICPY), following the success of its first ETF, the Tweedy, Browne Insider + Value ETF (COPY) [1][2] Fund Performance - The COPY ETF began trading in December 2024 and has seen a 22% increase in 2025, with assets growing to $145 million and net inflows exceeding $90 million in the last three months [2] Investment Strategy - ICPY will utilize the same proprietary multifactor model as COPY but will focus on companies outside the U.S., aiming to identify undervalued companies with insider buying signals [4] - The strategy is based on the belief that insider behaviors can indicate future value, a pattern that has been observed internationally [4] Historical Context - Tweedy, Browne has over 100 years of experience in value investing, associated with investment legends like Benjamin Graham and Warren Buffett, and has recently entered the ETF market [3] Market Exposure - As of June 2025, COPY held approximately 180 positions globally, with two-thirds of its assets in stocks with a market cap of $10 billion or less, and the largest country exposure being the U.S. at 27% [4] Growth Potential - The launch of the new international fund is expected to provide investors with tax-efficient access to an active strategy focused on non-U.S. stocks, potentially leading to further success for Tweedy, Browne in the ETF market [5]