Jacob Asset Management on Wednesday launched its first exchange-traded fund, which tracks forward-thinking companies, the company announced in a statement.
The Jacob Forward ETF will start trading on the New York Stock Exchange under the ticker JFWD. It is an actively managed fund primarily focused on technology and healthcare.
The ETF can be traded through online broker platforms or personal financial advisors. This is on top of three mutual funds managed by Jacob Asset Management which was founded by its Chief Executive Ryan Jacob in 1999.
Jacob said the ETF will invest in companies commonly regarded as dynamic leaders in their respective industries with “enduring franchise value” and in up-and-coming leaders who push and disrupt the landscape with game-changing ideas.
Jacob said the ETF aims to provide potential opportunities and solid growth to investors.