Victory Capital Holdings announced the launch of its new rules-based exchange-traded fund (ETF), VictoryShares Free Cash Flow Growth ETF (GFLW). This ETF seeks to track the performance of the Victory Free Cash Flow Growth Index.
GFLW is designed to invest in high-quality, large-cap growth companies that demonstrate the potential to compound free cash flow generation over time. It screens for companies with the highest free cash flow over invested capital and strong growth prospects.
This new offering expands Victory Capital's Free Cash Flow ETF suite, joining existing funds like VictoryShares Free Cash Flow ETF (VFLO) and VictoryShares Small Cap Free Cash Flow ETF (SFLO). The expansion aims to provide investors with a growth-oriented option within their large-cap allocations.
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