
This is a proactively managed investment vehicle that strategically invests based on overarching themes to pinpoint companies at the forefront of innovation, those transforming their industries. Its scope is broad, spanning diverse industries and global markets. The ultimate objective is to foster substantial capital growth over an extended period.
Is FWD's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

AB Disruptors ETF (NYSEARCA:FWD - Get Free Report) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totaling 27,130 shares, a drop of 90.0% from the September 15th total of 269,972 shares. Approximately 0.1% of the company's stock are sold short. Based on an

AllianceBernstein (AB) has promoted Julie Gunts to senior vice president, global head of ETFs. The move elevates a key internal leader to guide the asset manager's rapidly growing active ETF franchise.

Latest dividend announcements and EPS updates made Petrobras's valuation cheap to an absurd degree and created a wide alpha potential. With the newly announced payouts, dividends would total $1.44 per ADR for 2026, or a 6.8% FWD yield at the current price level. With the updated EPS guidance, FWD P/E is only 4.8x.

I initiate coverage of Constellium SE with a Strong Buy rating and a $55 price target. Aerospace is my strongest growth driver, supported by recovering aircraft production, easing destocking and higher EBITDA per ton, while packaging, automotive rolled products and AS&I provide additional earnings growth. The valuation remains difficult for me to ignore, with CSTM trading at 6.54x FWD non-GAAP P/E and 5.23x FWD EV/EBITDA.

SPS Commerce remains a Buy as its Gen AI strategy potentially enhances network value and positions the company for future growth. SPSC reported Q2 2026 results ahead of estimates, with 6% YoY revenue growth, improved gross margin, and robust operating leverage. The company's clean balance sheet, aggressive stock buybacks, and discounted valuation (3.2x FWD revenue, 9.5x FWD EBITDA) support upside potential.