PURVIEW INVESTMENTS NEWS RELEASE: ETF INDUSTRY LEADER LINDA ZHANG LAUNCHES PURVIEW IMPACT SOLUTIONS

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ETF INDUSTRY LEADER LINDA ZHANG LAUNCHES PURVIEW IMPACT SOLUTIONS

New firm will provide actively managed portfolios of ETFs; the initial product - Purview Impact Solutions - will focus on global investing through ESG lenses

NEW YORK (January 17, 2018) – Linda Zhang, Ph.D. and ETF industry leader, is today formally announcing the launch of Purview Investments, a new provider of high-quality ETF research and actively managed Exchanged Traded Fund (ETF) portfolios.

Purview’s initial product, Purview Impact Solutions, is a global multi-asset product built using primarily environmental, social and governance (ESG) ETFs as the underlying holdings. It will provide clients the opportunity to invest in companies around the world that are screened according to industry accepted ESG criteria. The investment solution is managed using Dr. Zhang’s proprietary research and process.

 Dr. Zhang has built a successful career in the asset management industry and has spent the last several years focused on the fast-growing universe of ETFs. Prior to founding Purview, Dr. Zhang was Head of Research and Senior Portfolio Manager for Windhaven Investment Management, where she was responsible for portfolio management and led the firm’s research team in areas of global macro research, model development, ETF research and implementation. Before that, she held fund manager positions with MFS Investment Management and BlackRock, and was the head of Quantitative Research at State Street Research. Her background includes years of investing in global markets and analyzing how ESG principles can potentially have a positive impact on a portfolio through the use of ETFs.

 “The rise of the ETF industry has fundamentally changed the way people invest and continues to reshape asset management. It has been a fascinating and fulfilling journey to experience. I am very excited to be embarking on my next chapter with the launch of Purview Investments and to introduce the first of what I expect to be a number of innovative new products,” said Dr. Zhang.

Dr. Zhang notes that while the ETF industry has done a remarkable job in building a wide menu of fund choices, what’s largely been missing is the means to bring all of the ingredients together through the active allocation of assets across funds. While robo advisors offer easy access to ETF managed portfolios, they are largely strategic in nature regarding allocation decisions among ETFs, rather than taking active views on various segments of markets. There are even fewer options available in the marketplace when it comes to aligning investments with an investor’s beliefs in ESG principles. “There is a rising demand for ESG focused investing, with US listed ESG ETFs increasing their AUM by about 25% in just the second half of 2017. Purview is committed to addressing this void and being a leader in the space by assembling individual ESG ETFs into well-researched and managed global multi-asset investment solutions,” said Dr. Zhang.

In addition to her work at Purview and other collaborations in the ETF universe, Dr. Zhang is a co-founder of Women in ETFs, which in just a few short years has grown to more than 3,000 members from around the world who work in the ETF ecosystem. She is a board member and most recently served as co-Head of the Global Mentorship and Leadership Committee.

Purview Investments opens its products to individual investors, RIAs, family offices and institutional asset owners. To learn more about Purview Investments, please visit https://www.purviewinvestments.com or email info@purviewinvestments.com.

 About Purview Investments

Purview Investments, is an independent investment management firm, a Registered Investment Advisor, a provider of Exchange Trade Fund (ETF) managed solutions and in-depth ETF research based in Manhattan, New York City. As ETFs are reshaping the asset management industry, driven by investors' preference for effective and transparent investment products, Purview Investments seeks to provide research and process driven actively managed ETF solutions to both individual and institutional investors directly. In addition, Purview seeks to collaborate with ETF providers, index provider, institutional asset managers, investment advisers and asset owners to develop customized ETF managed solutions and on ETF product innovation. Purview Investments dedicates itself to public knowledge and education of ETFs by contributing to industry conference panels, business media and professional publications.

"'The Davos for ETFs' to Convene in San Sebastian", Financial Times, September 14, 2017

Zhang was quoted in the article regarding the need to educate the market place about ETFs as the industry is growing rapidly.  "The industry is finding its voice", said Zhang, referring to the informal gathering of thought leaders in the ETF ecosystem.

Women in ETFs News Release highlights career and mentorship program offered to its members, and benefits to its corporate sponsors, September 12, 2017

Women in ETFs New Release highlighting mentorship program, WE Talks webcast and other services offered to its members.  From the release:  

Linda Zhang, Co-Founder of WE and Co-Head of the Mentorship & Leadership Committee, cited “25% of WE members indicate they would like to have a mentor and 16% would like to be a mentor. WE is addressing these needs by raising awareness and providing actionable ideas such as one-to-one Mentorship Programs, currently being piloted in Boston, Chicago, and in the EMEA region, and by using technology to deliver career advice in webcasts globally such as in our WE Talks series.”

Joanne Hill, WE Co-Founder and Career Center task force leader shared that “We are excited to allow for complimentary access to all WE sponsors and Event Hosts to post jobs to our Career Center, accessing our talented and diverse pool of members.”

ESG ETF Who's Who: Purview Investments' Linda Zhang spoke on the state of ESG ETF industry at IMN Global Indexing and ETFs Conference at Dana Point, CA, June 25, 2017

Dr. Zhang shared her recent research on the current state of the ESG ETF product space. This category is young,with 39 US listed ETFs, just over $3 billion in total AUM, dominated by Blackrock iShares and State Street SPDRs.  The rest of the top five players may surprise you, with unique angles to ESG.  Both Global X and Inspires made their ESG products known for their biblical responsible investing (BRI).  Nuveen''s NuShares, on the other hand, are positioning itself with a full range of Russell investment style blocks for asset allocation purposes.  

Although the top products focus on catch-it-all ETFs, capturing all aspects of Environment, Social and Governance, single mission ETFs also made to top ten, such as the SPDR's SHE gender equality ETFs, and Low Carbon ETFs by both iShares and SPDR.  

Zhang demonstrated the importance and framework of conduct ESG ETF research.  Using SHE as a case study, she examined how well SHE is compared with the broad market index on various measures that SHE is supposed to deliver.  Find out the answers and other important issues of understanding ESG ETFs from her slides created for the IMN conference.

Footnote: Due to technical difficulty, the slides were not shown during the conference.  Zhang is happy to share with the online audience here.    

"Here is What Advisors Are Worried About" - Purview Investment's founder Linda Zhang was featured on ETF.com market outlook survey, June 13, 2017

Cinthia Murphy and Heather Bell at ETF.com, have written up their in-depth discussion with several influential advisors across the country about their concerns and expectations for the global capital markets for the second half of the year.  Check out the variety of their responses.

http://www.etf.com/sections/features-and-news/heres-what-advisors-are-worried-about?nopaging=1

Two ETF Events You Can't Miss in NYC This Week, June 7, 2017

ETF Trading and Market Structure, hosted by ETFGI's Deborah Fuhr, June 7, 2017

http://etfgi.com/news/events

Inside Smart Beta ETFs, catering to institutional investors, hosted by Matt Hogan at Informa, June 8, 9, 2017

https://finance.knect365.com/smart-beta/

Two ETF Panels at NYC QWAFAFEW Night, May 23: Purview Investments' Linda Zhang, moderated a panel on "How ETFs Bring New Life to Quantitative Investing"; Toroso's CIO Michael Venuto on TETF Index.

Panel 1: How ETFs Bring New Life to Quant Investing

The growth of ETFs is rapidly changing the landscape of the asset management industry.  For two years in a row, ETFs have brought in record net inflows, while mutual funds experienced substantial net outflows.  Since ETFs are often rules-based, this has helped shift the power struggle from fundamental analysis to quantitative approaches to investing in the industry.  Linda assembled three ETF industry veterans to discuss how the growth of ETFs has brought back new life to quant investing at the sold-out NYC QWAFAFEW event.  The distinguished guest speakers included:  

Joanne Hill, Proshares; Dave Nadig, CEO, ETF.com; Sebastian Mercado, Deutsche Bank

The panel addressed four broad issues: the state of the quant ETFs, the blessings, the limitations and finally, the business and career opportunities.  The last point was particular pertinent to the audience - what does it mean for the traditional asset management firms' future businesses and the career choices for the quant talents on the traditional buy and sell sides.  

Panel 2: TETF Index: An Efficient Way to Gain Access To ETF Industry

Michael Venuto, Toroso Investments' CIO, on the efficient way to experience the growth of the entire ETF ecosytem that goes much beyond ETF issuers.