NEW YORK, April 25, 2016 /PRNewswire/ -- OppenheimerFunds, a leading global asset manager, today announced that Sharon French joined the firm as Head of Beta Solutions. In this role, French will be responsible for growing the firm's smart beta business by building on the success of Oppenheimer Factor Weighted ETFs as well as developing new multi-factor products to help meet client demand. French will be based in New York and will join the firm's Senior Leadership Team, reporting directly to Art Steinmetz, Chairman and CEO of OppenheimerFunds.
"We're delighted to have Sharon join the team," said Steinmetz. "As we build our smart beta business, we are focused on product development that will continue to differentiate us in the marketplace and complement our long-term, active approach."
French joins OppenheimerFunds from BNY Mellon, where she was Senior Strategic Advisor to the CEO and President of Investment Management, focusing on ETF and multi asset business growth. Previously, she served as President of F-Squared Capital. Before that, she was Head of Private Client & Institutions at BlackRock for its iShares business. French spent nearly a decade at AllianceBernstein, and held prior roles at mPower, Smith Barney, and Chase Manhattan Bank.
"OppenheimerFunds is a widely respected global asset manager that recognizes the importance of providing innovative products and solutions that address clients' needs," said French. "I'm excited to join the team and look forward to building on OppenheimerFunds' demonstrated commitment to its smart beta offering."
Vince Lowry, Lead Portfolio Manager for the Oppenheimer Revenue Factor Team, and his team will report to French.
The full suite of Oppenheimer Factor Weighted ETFs includes:
- Oppenheimer Large Cap Revenue ETF
- Oppenheimer Mid Cap Revenue ETF
- Oppenheimer Small Cap Revenue ETF
- Oppenheimer Ultra Dividend Revenue ETF
- Oppenheimer Global Growth Revenue ETF
- Oppenheimer ADR Revenue ETF
- Oppenheimer Financials Sector Revenue ETF
- Oppenheimer Navellier Overall A-100 Revenue ETF
Oppenheimer Factor Weighted ETFs offer a unique way for advisors, wealth managers, and consultants to access the ETF market. By weighting each security in the index on the basis of top line revenue, the Factor Weighted Strategies offer the possibility to reduce overexposure to potentially overpriced sectors and stocks while still providing diversification across every security in an index.
In December 2015, OppenheimerFunds Inc. acquired VTL Associates LLC, the investment adviser to the Oppenheimer Revenue Weighted ETF Trust, formerly the RevenueShares ETF Trust, and the Oppenheimer Factor Weighted ETFs. To learn more, visit OppenheimerFunds' Press Room or Factor Weighted ETFs page.
OppenheimerFunds, a leader in global asset management, is dedicated to providing solutions for its partners and end investors. OppenheimerFunds, including its subsidiaries, manages more than $214 billion in assets for over 13 million shareholder accounts, including sub-accounts, as of March 31, 2016.
Founded in 1959, OppenheimerFunds is a high conviction asset manager with a history of providing innovative strategies to its investors. The firm's 16 investment management teams specialize in equity, fixed-income, alternative, multi-asset, and factor-weighted-ETF strategies. OppenheimerFunds and its subsidiaries offer a broad array of products and services to clients, who range from endowments and sovereigns to financial advisors and individual investors. OppenheimerFunds and certain of its subsidiaries provide advisory services to the Oppenheimer family of funds, and OFI Global Asset Management offers solutions to institutions. For more information, visit oppenheimerfunds.com.
An investment in ETFs is subject to investment risk, including the possible loss of principal amount invested. ETF returns may not match the returns of their respective index, known as non-correlation risk, due to operating expenses incurred by the ETF. The alternate weighting approach employed by ETFs (i.e., using revenues as a weighting measure), while designed to enhance potential returns, may not produce the desired results. Because ETFs are rebalanced quarterly, portfolio turnover may exceed 100%. The greater the portfolio turnover, the greater the transaction costs, which could have an adverse effect on ETF performance.
Shares of Oppenheimer funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of the principal amount invested.
Before investing in any of the Oppenheimer funds, investors should carefully consider a fund's investment objectives, risks, charges and expenses. Fund prospectuses and summary prospectuses contain this and other information about the funds, and may be obtained by asking your financial advisor, visiting oppenheimerfunds.com, or calling 1.800.CALL OPP (225.5677). Read prospectuses and summary prospectuses carefully before investing.
Oppenheimer funds are distributed by OppenheimerFunds Distributor, Inc., 225 Liberty Street, New York, NY, 10281
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