<p><strong>First Eagle Investments</strong> 继续扩大其 主动型 ETF 产品，推出了两只新的美国市场 ETF，分别是 <strong>First Eagle Mid Cap Equity ETF</strong> (NYSE: FEMD) 和 <strong>First Eagle US Equity ETF</strong> (NYSE: USFE)，进一步利用其进入 ETF 市场的初步成功。</p>
<p>周二的发布紧随公司在一年多前首次进入 ETF 市场的步伐，当时推出了其首只 ETF，<strong>First Eagle Global Equity ETF</strong> (NYSE: FEGE) 和 <strong>First Eagle Overseas Equity ETF</strong> (NYSE: FEOE)。根据公司数据，自进入市场以来，First Eagle Investments 已累计约 15 亿美元的 ETF 资产，这表明对主动管理投资产品的兴趣呈上升趋势。</p>
<p>虽然 FEGE 和 FEOE 针对国际机会，但 FEMD 和 USFE 则专门设计用于投资美国股票，均采用价值导向的方法。</p>
<h2>机制解析</h2>
<p>FEMD 旨在投资于中型股领域，识别团队认为被市场低估的公司。该策略旨在识别有可能实现转机的公司、尽管当前盈利困难但具有长期增长前景的公司，以及其价值可能未在资产基础中体现的公司。</p>
<p>USFE 旨在将相同的理念应用于整个美国股票市场。该基金采用自下而上的研究过程，受到长期价值投资原则的启发，旨在识别基本面良好且交易价格低于其估计内在价值的公司。风险管理集中在寻求 “安全边际”，以帮助保护免受市场和公司特定风险的影响。</p>
<p>根据 First Eagle 的美国财富解决方案领导层，这两只新 ETF 旨在提供质量、流动性和多样化，这些都是该公司主动管理理念的特征。该公司还强调了 FEGE 的成功，该基金在短短一年多的时间内资产达到 10 亿美元，并继续通过 ETF 扩大投资者对其策略的接触。</p>
<p><em>照片：bigjom jom via Shutterstock</em></p>

MMID

FEGE

<p>First Eagle Investments 推出了两只新的美国价值型 ETF，分别是 First Eagle Mid Cap Equity ETF（FEMD）和 First Eagle US Equity ETF（USFE），进一步扩展其主动管理 ETF 系列。这是在公司成功进入 ETF 市场一年多后实现的，资产累计达到 15 亿美元。FEMD 的目标是被低估的中型公司，而 USFE 则专注于更广泛的美国股票市场，两者均采用价值导向的投资策略。该公司旨在通过这些新产品提供质量、流动性和多样化</p>

<p><strong>First Eagle Investments</strong> continued to grow its active ETF offerings with the introduction of two new U.S.-focused ETFs, the <strong>First Eagle Mid Cap Equity ETF</strong> (NYSE: FEMD) and the <strong>First Eagle US Equity ETF</strong> (NYSE: USFE), further capitalizing on the initial success of its entry into the ETF market.</p>
<div class="lb-trans"><p><strong>First Eagle Investments</strong> 继续扩大其 主动型 ETF 产品，推出了两只新的美国市场 ETF，分别是 <strong>First Eagle Mid Cap Equity ETF</strong> (NYSE: FEMD) 和 <strong>First Eagle US Equity ETF</strong> (NYSE: USFE)，进一步利用其进入 ETF 市场的初步成功。</p>
</div><p>The Tuesday launch follows the company's initial entry into the ETF market just over a year ago, when it launched its first ETFs, the <strong>First Eagle Global Equity ETF</strong> (NYSE: FEGE) and the <strong>First Eagle Overseas Equity ETF</strong> (NYSE: FEOE). Since its entry into the market, First Eagle Investments has accumulated around $1.5 billion in ETF assets, according to the company, which indicates a rising trend of interest in actively managed investment offerings in the ETF format.</p>
<div class="lb-trans"><p>周二的发布紧随公司在一年多前首次进入 ETF 市场的步伐，当时推出了其首只 ETF，<strong>First Eagle Global Equity ETF</strong> (NYSE: FEGE) 和 <strong>First Eagle Overseas Equity ETF</strong> (NYSE: FEOE)。根据公司数据，自进入市场以来，First Eagle Investments 已累计约 15 亿美元的 ETF 资产，这表明对主动管理投资产品的兴趣呈上升趋势。</p>
</div><p>While FEGE and FEOE target international opportunity sets, FEMD and USFE are specifically designed to target U.S. stocks, both with a value-oriented approach.</p>
<div class="lb-trans"><p>虽然 FEGE 和 FEOE 针对国际机会，但 FEMD 和 USFE 则专门设计用于投资美国股票，均采用价值导向的方法。</p>
</div><h2>Peek Into The Mechanics</h2>
<div class="lb-trans"><h2>机制解析</h2>
</div><p>FEMD seeks to invest in the mid-cap universe, identifying companies that the team believes are undervalued by the market. The strategy seeks to identify companies that are candidates for a turnaround, companies with long-term growth prospects despite current earnings difficulties, and companies whose value may not be reflected in their asset base.</p>
<div class="lb-trans"><p>FEMD 旨在投资于中型股领域，识别团队认为被市场低估的公司。该策略旨在识别有可能实现转机的公司、尽管当前盈利困难但具有长期增长前景的公司，以及其价值可能未在资产基础中体现的公司。</p>
</div><p>USFE seeks to apply the same philosophy to the entire U.S. equity market. The fund employs a bottom-up research process that is inspired by the tenets of long-term value investing, seeking to identify companies with favorable fundamentals that are selling for less than their estimated intrinsic value. Risk management is centered on seeking a &#34;margin of safety&#34; to help protect against both market and company-specific risks.</p>
<div class="lb-trans"><p>USFE 旨在将相同的理念应用于整个美国股票市场。该基金采用自下而上的研究过程，受到长期价值投资原则的启发，旨在识别基本面良好且交易价格低于其估计内在价值的公司。风险管理集中在寻求 “安全边际”，以帮助保护免受市场和公司特定风险的影响。</p>
</div><p>According to the U.S. wealth solutions leadership at First Eagle, the two new ETFs seek to provide quality, liquidity, and diversification, which are characteristic of the firm's active management philosophy. The firm also highlighted the success of FEGE, which has reached $1 billion in assets in just over a year and continues to expand investor access to its strategies through ETFs.</p>
<div class="lb-trans"><p>根据 First Eagle 的美国财富解决方案领导层，这两只新 ETF 旨在提供质量、流动性和多样化，这些都是该公司主动管理理念的特征。该公司还强调了 FEGE 的成功，该基金在短短一年多的时间内资产达到 10 亿美元，并继续通过 ETF 扩大投资者对其策略的接触。</p>
</div><p><em>Photo: bigjom jom via Shutterstock</em></p>
<div class="lb-trans"><p><em>照片：bigjom jom via Shutterstock</em></p>
</div>

First Eagle 的主动型 ETF 推动力随着新推出的美国价值型产品而加速