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Touchstone Launches TLCI ETF To Capitalize On Global Growth
Benzinga (Thu, 6-Mar 2:38 PM ET)
The Touchstone Sands Capital Emerging Markets ex-China Growth ETF (the "Fund") seeks long-term capital appreciation. The Fund invests, under normal market conditions, at least 80% of its assets in equity and equity-related securities issued by companies in "emerging" or "frontier" market countries, excluding China and Hong Kong, that the Fund's sub-adviser, Sands Capital Management, LLC ("Sands Capital") believes have above-average potential for revenue or earnings growth. The Fund invests primarily in a portfolio of equity securities such as common stock, preferred stock, and depositary receipts. Emerging or frontier market companies are companies of any size that are economically tied to emerging or frontier markets. The Fund classifies emerging markets as those countries not included in the MSCI World Index, a developed market index. Sands Capital uses a "bottom-up" approach to investment selection, as opposed to sector or regional allocations that focuses on a company's long-term business fundamentals. As an integral part of the evaluation of a company, Sands Capital considers corporate governance, social, and environmental factors (collectively, "ESG") when it believes such factors may be material to the long-term shareowner value creation potential of the company.
Touchstone ETF Trust Touchstone Sands Capital Emerging Markets Ex-China Growth ETF trades on the BATS stock market under the symbol TEMX.
As of March 10, 2025, TEMX stock price declined to $23.42 with 85,002 million shares trading.
TEMX has a market cap of $4.68 million. This is considered a Sub-Micro Cap stock.
TEMX support price is $23.77 and resistance is $24.38 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TEMX shares will trade within this expected range on the day.