Motley Fool Adds 3 ETFs Amidst Planned Lineup Expansion

Core Insights - Motley Fool Asset Management has launched three new ETFs, marking the first additions to its lineup in nearly four years, with plans to expand to a total of 15 new ETFs [4]. Group 1: New ETF Launch - The newly launched ETFs are passively managed single-factor funds that track indexes based on Motley Fool's evidence-based investing principles [1][2]. - Each ETF has an expense ratio of 0.50% and aims to provide a disciplined framework for accessing investment factors such as value, momentum, and innovation [1][2]. Group 2: ETF Details - The three ETFs are the Motley Fool Innovative Growth Factor ETF (MFIG), Motley Fool Value Factor ETF (MFVL), and Motley Fool Momentum Factor ETF (MFMO) [7]. - MFIG focuses on gross profit growth, innovation, and growth potential, while MFVL aims to avoid value traps using adjusted book-to-price and total shareholder yield metrics [3]. - MFMO evaluates companies based on composite price momentum and adjusted price-to-low ratio, with each fund targeting 150 holdings [3]. Group 3: Company Background - Prior to the new launches, Motley Fool Asset Management managed six ETFs with over $2.5 billion in total assets, including its largest ETF, the Motley Fool 100 Index ETF (TMFC), which has $1.9 billion in assets [4].