The VictoryShares International Free Cash Flow Growth ETF (GRIN) tracks an index that is built on a rigorous methodology that identifies non-U.S. companies with a positive free cash flow (FCF) trend and high levels of profitability. It focuses on businesses that generate high FCF relative to their invested capital.
For years, the search for high-quality, cash-generating businesses has been a predominantly American story. But that is changing, and for advisors building portfolios in an era of historically concentrated domestic markets, the shift carries real implications.
With the S&P 500 Index pushing to new highs, many advisors are confronting a familiar challenge: how to maintain equity exposure without taking on unnecessary valuation risk.