U.S. One Trust filed with the Securities and Exchange Commission (SEC) to offer a line of actively managed exchange traded funds (ETFs) of funds that invest in both U.S.- and foreign-listed securities.
U.S. One’s new funds will take a similar approach to its existing fund, The One Fund ETF (NYSEArca: ONEF), by holding low-cost funds in an actively managed portfolio that incorporates foreign-listed ETFs, reports Steve Dew for Index Universe.
U.S. One’s investment philosophy is to buy low-cost funds that represent the market, then hold them long-term to avoid the negative aspects of market timing and picking stocks. [6 Reasons Active ETFs Are Better Than Mutual Funds.]
ONEF is an actively managed fund of funds that seeks to reflect 95% of the world’s stock market value. The ETF has about $5 million in assets after one month of trading. [The Active/Passive ETF Debate.]
Tisha Guerrero contributed to this article.
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