Core Viewpoint - TimesSquare Capital Management and Tidal Financial Group have launched the TimesSquare Quality Mid Cap Growth ETF (NASDAQ:TSCM), aiming to leverage their mid-cap growth strategy in an ETF format [1][5]. Group 1: ETF Strategy and Structure - TSCM is an actively managed U.S. mid-cap growth ETF that employs a bottom-up, research-intensive approach for stock selection [1]. - The ETF focuses on identifying companies with reliable growth traits and sensible valuations, encapsulated in the firm's philosophy of "Growth with a Conscience" [2]. - The fund will typically hold between 30 and 40 stocks, creating a more concentrated portfolio compared to many passive mid-cap benchmarks [3]. Group 2: Stock Selection Criteria - Stocks are selected based on four main criteria: strong management teams, sustainable competitive advantages, consistent performance, and attractive valuations relative to competitors [3]. - Valuation discipline is emphasized, particularly in a market where mid-cap growth stocks can experience significant fluctuations due to interest rates, earnings expectations, or investor sentiment [4]. Group 3: Market Positioning and Outlook - The launch of TSCM occurs amid a growing popularity of active equity ETFs, especially in mid-cap growth, where fundamental research is believed to yield better returns than broad indexes [5]. - TimesSquare is positioning TSCM as a disciplined growth strategy in a competitive ETF market filled with passive options and trend-driven active offerings [5][6].