Launch of New ETFs
Westwood launched the Westwood LBRTY Global Equity ETF, ticker symbol BFRE, at the end of the quarter. This ETF offers a distinctive approach to global equity investing by limiting exposure to authoritarian regimes while maintaining broad market exposure.
Successful Sub Advisory Mandate
Westwood won a significant sub advisory mandate with nearly $1 billion in small cap value, which funded on the second to last day of the quarter.
Growth in ETF Business
The first ETF, Westwood Salient Enhanced Midstream Income, MDST, reached its one-year anniversary with strong traction among income-seeking investors. Asset levels in the first two ETFs now exceed $100 million.
Strong Institutional Channel Results
The institutional channel delivered exceptional results in the first quarter with gross sales of $960.5 million and net inflows of $758.8 million.
Robust Pipeline Across Strategies
The pipeline remains robust across multiple strategies, with continued mandates and SMidCap value for defined contribution plans driven by the largest national consultants.
Positive Financial Position
Westwood reported a solid financial position with cash and liquid investments totaling $26.9 million and a debt-free balance sheet.
Dividend Declaration
The Board of Directors approved a regular cash dividend of $0.15 per common share payable on July 01, 2025.