Huntington Asset Advisors, a unit of Huntington Bank, may soon launch a pair of actively managed exchange traded funds (ETFs) it first proposed last summer, according to a report.
Oliver Ludwig for Index universe reports that the funds are the Huntington US Equity Rotation Strategy ETF (NYSEArca: HUSE) and the Huntington Ecological Strategy ETF (NYSEArca: HECO). Expense ratios are set at 0.95% for both ETFs. [Eaton Vance Jumps Into The Active ETF Pool.]
HUSE, the rotating strategy ETF, will be at least 75% invested in the S&P Composite 1500. That index is a combination of the large-cap S&P 500, the S&P MidCap 400 and the S&P SmallCap 600.
HECO is to be the first actively managed green ETF, investing at least 80% of assets into shares of companies that have an ecological focus. [The First Actively Managed ETF Of Its Kind.]
Tisha Guerrero contributed to this article.
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