Pzena International Value ETF (PZIV)

The Pzena International Value ETF is an actively managed fund from Pzena Investment Management, a New York-based firm known for its classic deep value investment philosophy.

The fund invests in stocks of companies based outside the United States, mainly in developed markets. Pzena seeks businesses trading at low prices relative to their normalized earnings power, often companies that are out of favor because of temporary difficulties, and holds them in expectation that earnings will recover over time.

Listed on NYSE Arca under the ticker PZIV, the fund brings Pzena's research-intensive international value strategy into an exchange-traded format.