BFRE

About BFRE

Westwood LBRTY Global Equity ETF is an exchange-traded fund designed to provide diversified exposure to global equities while explicitly avoiding companies with significant ties to authoritarian regimes. The fund tracks the TOBAM LBRTY All World Equity Index, which selects stocks from both developed and emerging markets but excludes those directly or indirectly connected to countries lacking democratic governance, based on criteria such as political freedom, economic liberty, and human rights standards. This unique governance-based screening sets the ETF apart by focusing on firms operating in democratic environments, reflecting academic research that links democratic institutions to stronger long-term economic performance. The ETF holds a broad range of large-cap, internationally recognized companies—including leaders in technology, consumer, financial, and industrial sectors—such as Nvidia, Microsoft, Amazon, Apple, and Alphabet. By maintaining strict country exposure rules and diversification, Westwood LBRTY Global Equity ETF offers investors a tool for global equity participation while seeking to reduce risks associated with geopolitical instability and lack of transparency in authoritarian markets. This approach supports investors interested in aligning global investment exposure with principles of democracy and good governance.