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LST represents storied research and fund management firm’s second ETF after highly-rated LCR
MINNEAPOLIS, January 21, 2025--(BUSINESS WIRE)--The Leuthold Group, a leading investment research and asset management firm, today announced the conversion of its Select Industries Fund to an exchange-traded fund structure. Now called the Leuthold Select ETF (NYSE: LST), the ETF will provide an active, thematic investment discipline developed over more than two decades.
LST is Leuthold Group’s second ETF after Leuthold’s Core ETF (NYSE: LCR), which tactically allocates capital in both equity and fixed-income markets and carries a five-star rating from Morningstar.* LST invests in individual equity securities and seeks capital appreciation through equity group selection and rotation based on dynamic market themes.
"With LST, equity investors who want exposure to a longstanding, proven investment discipline—coupled with the lower cost, operational ease and tax benefits of an ETF—will have that opportunity," said Leuthold CIO Doug Ramsey. "We’ve been pleased with the performance and market reception of LCR, so it was a natural progression to convert Select Industries to an ETF."
LST is managed by Director of Equities Scott Opsal and Portfolio Managers Greg Swenson and Chun Wang.
About The Leuthold Group
Founded in 1981 as an independent investment research firm, The Leuthold Group has been producing original analysis for the institutional marketplace for nearly half a century. Driven by the research, in 1987 the firm established its investment management arm which is centered on tactical asset allocation and disciplined quantitative methodologies.
* Morningstar Rating™ or "star rating": For funds with at least a 3-year history, a risk-adjusted-return measure is calculated to account for variation in monthly performance, placing more emphasis on downward variations and rewarding consistency. The top 10% of funds in each category receive 5 stars, next 22.5%=4 stars, next 35%=3 stars, next 22.5%=2 stars, and bottom 10%=1 star. The "Overall" Rating is derived from a weighted average of the 3-, 5-, and 10-year ratings (if applicable). Within the Tactical Allocation category, for the 3-, 5-, and 10-year periods ended 12/31/2024, LCR is rated 5, NA, and NA stars, among 232, NA, and NA funds. ©2024 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from using this information. Leuthold Funds’ adviser pays a license fee for the use of Morningstar Ratings.™