Brown Flex Equity ETF (BAFE)

BAFE: Is Brown Advisory's Brand New Flexible Equity ETF Worth Buying?

BAFE is Brown Advisory's debut actively managed fund that follows the firm's flexible strategy that's applied to approximately $170 billion in client assets. After waivers, BAFE's expense ratio is 0.54%. Historically, Brown's flexible equity strategy that emphasizes companies with competitive advantages and shareholder-friendly management teams has outperformed since 1984. However, recent returns are less impressive, with the strategy matching the returns of the S&P 500 Index net of fees over the last five and ten years.