Tidal Financial Group Launches TimesSquare Quality Mid Cap Growth ETF
Event summary
- Tidal Financial Group and TimesSquare Capital Management launched the TimesSquare Quality Mid Cap Growth ETF (TSCM) on Nasdaq, December 30, 2025.
- TSCM is an actively managed U.S. mid cap growth ETF with a target of 30-40 holdings.
- The ETF utilizes TimesSquare Capital Management’s 25-year history of managing quality growth portfolios.
- Sonu Chawla, Edward Salib, and Joshua Bischoff will manage the ETF, leveraging their experience in mid and small cap growth strategies.
The big picture
The launch of TSCM represents Tidal Financial Group’s continued expansion into providing ETF launch services, partnering with established investment managers like TimesSquare Capital Management. This strategy allows Tidal to capitalize on the growing demand for specialized ETFs while leveraging the expertise of boutique investment firms. The ‘Growth with a Conscience’ approach reflects a broader investor interest in ESG and value-driven growth strategies within the mid-cap space.
What we're watching
- Track Record
- Given the lack of a prior track record for TSCM as an ETF, performance will be critical in attracting and retaining assets, and will be heavily scrutinized by investors.
- AUM Growth
- The success of TSCM will depend on Tidal Financial Group’s ability to market the ETF effectively and drive AUM growth in a competitive landscape.
- Competitive Landscape
- The concentrated nature of the portfolio (30-40 holdings) exposes the fund to idiosyncratic risk and will require careful stock selection to outperform broader mid-cap growth benchmarks.
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