ITAN Profile
The Sparkline Intangible Value ETF is an actively-managed exchange-traded fund (ETF) designed to capture opportunities in the U.S. equity market based on a unique valuation approach. Managed by Sparkline Capital LP, the fund focuses on investing in U.S.-listed equity securities that are deemed attractive according to Sparkline's proprietary measure of intangible-augmented intrinsic value. This approach evaluates stocks by considering not only traditional financial metrics but also the value of intangible assets such as intellectual property, brand equity, and technological innovations.
The fund's investment strategy encompasses a broad spectrum of U.S. equity securities, including common stocks and Real Estate Investment Trusts (REITs). By applying its distinct valuation framework, the Sparkline Intangible Value ETF aims to identify companies that may be undervalued based on their intangible assets, which are increasingly recognized as significant drivers of long-term value. This comprehensive valuation methodology allows the fund to target stocks with strong growth potential that might not be fully appreciated by conventional valuation methods.
While the fund is not concentrated in any single industry, the Sub-Adviser expects a significant portion of the portfolio to be allocated to sectors where intangible assets play a crucial role. These include technology, communications, healthcare, and consumer discretionary sectors. The technology and communications sectors, for example, are characterized by rapid innovation and significant intellectual property, while healthcare and consumer discretionary sectors often leverage strong brand equity and proprietary research.
Overall, the Sparkline Intangible Value ETF offers a sophisticated investment approach by integrating intangible asset considerations into its equity selection process. This active management strategy seeks to uncover value opportunities in U.S. equities that are not immediately apparent through traditional valuation techniques, providing investors with exposure to companies with potentially high growth prospects driven by intangible assets.
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