What You Need to Know
- The ETF invests in a variety of products including SPACs and volatility ETFs.
- Also, O'Shaughnessy Asset Management has expanded ESG SMA offerings on its custom indexing platform.
- JPAM announced splits of six ETFs.
Tuttle Tactical Management has filed a registration statement with the Securities and Exchange Commission for an exchange-traded fund that targets investors’ fear of missing out during rallies.
The aptly named FOMO ETF is an actively managed ETF that invests in securities that reflect current or emerging trends. It uses a proprietary tactical model to track and purchase securities that are increasing in value while avoiding those securities that are losing value.
The ETF offers a kitchen sink worth of securities including U.S. foreign and emerging market stocks of any market capitalization, special purpose acquisition companies (SPACs), equity and fixed income ETFs and volatility and inverse volatility ETFs and exchange traded notes (ETNs). The ETF can also invest in leveraged and inverse ETFs and ETNs that seek the inverse performance of stock indexes, Treasury bonds and volatility indexes.
Frequent trading is expected, “resulting in a high portfolio turnover rate,” according to the SEC filing. Matthew Tuttle is the ETF its portfolio manager and the management fee is 0.80%, according to the SEC filing.
Tuttle is also the portfolio manager for another actively managed ETF included in the SEC filing called the Fat Tail Risk ETF, which refers to the risk of a portfolio moving more than three standard deviations from the mean. The two ETFs are part of the Collaborative Investment Series Trust.
The Fat Tail ETF will invest in cash and U.S. government bonds, ETFs that invest in gold-related derivatives, U.S. stocks and Treasuries, volatility and inverse volatility ETFs, ETNs and leveraged and inverse ETFS gold-rated ETFs that seek the inverse performance of stock indices, treasury bonds, and volatility ETFs
Like the FOMO ETF, the fund may engage in frequent trading of its portfolio, which will result in a higher portfolio turnover rate, and has a 0.80% management fee.
O’Shaughnessy Asset Management Expands SMA ESG Offerings
O’Shaughnessy Asset Management LLC (OSAM), a quantitative asset management firm, has expanded its environmental, social and governance (ESG) and socially responsible investing (SRI) offering on its custom indexing platform.
More than 50 ESG and SRI screens are now available on the Canvas platform. supporting a diverse array of causes, issues, and values. In addition, more than 15 % of client accounts on the platform have incorporated ESG and SRI screens into custom portfolios.
“The popularity of sustainable investments is accelerating,” said Patrick O’Shaughnessy, CFA, Chief Executive Officer of OSAM, in a statement, noting that “pooled funds … are often less effective for investors in terms of performance and tax management than direct ownership of individual stocks… Customization according to individual principles of ESG and SRI lends itself particularly well to separately managed accounts.”
Canvas provides an SMA platform that is scalable and allows tax loss harvesting as well as ESG/SRI overlays that satisfy clients’ individual goals and values.
Sustainable investment funds accounted for nearly one fourth of overall flows into U.S. funds in 2020, with total assets under management reaching $236 billion, according to Morningstar. A record 71 new funds were launched last year.
ASYMmetric Launches a Hedge Fund-Like ETF
ASYMmetric ETFs, the firm founded by seasoned ETF and hedge fund manager Darren Schuringa, has introduced its first ETF, the ASYMshares ASYMmetric 500 ETF (ASPY).