ETF Spotlight on the WBI Large Cap Tactical Growth Shares (NYSEArca: WBIE), part of an ongoing series.
Assets: $123.5 million
Objective: The WBI Large Cap Tactical Growth ETF is an actively managed fund that tries to provide low volatility, low correlation and optimal blend of bear market capital preservation and bull market returns through large-cap global investment opportunities with improving fundamental growth trends.
Holdings: Top holdings include Medtronic (NYSE: MDT) 4.5%, Alexion Pharmaceuticals (NYSE: ALXN) 4.4%, Valeant Pharmaceuticals (NYSE: VRX) 4.2%, Boeing (NYSE: BA) 4.2% and Thermo Fisher Scientific (NYSE: TMO) 4.2%.
What You Should Know:
- WBI Investments manages the active fund.
- WBIE has a 1.0% expense ratio.
- The ETF has 26 holdings and the top ten components make up 36.0% of the overall portfolio.
- Sector allocations include basic materials 2.8%, consumer discretionary 22.2%, financials 6.3%, energy 1.1%, industrials 9.1%, tech 12.3%, consumer staples 11.2%, healthcare 30.4% and utilities 4.5%.
- Regional exposure includes North America 83.4%, Latin America 3.5%, U.K. 9.2%, and developed Europe 2.8%.
- The fund began trading August 27, 2014.
- The ETF is up 5.8% over the past month and is up 2.4% since inception.
- WBIE is actively managed.
- The ETF’s investment methodology is computer-driven and based on quantitative fundamental factors.
- “The Fund is designed as a core allocation equity strategy that participates in market advances while reducing portfolio volatility during market declines,” according to WBI.
Next page: The latest news
The Latest News:
- U.S. stocks advanced Monday on speculation that China will increase its accommodative monetary policy, Reuters reports.
- After last week’s surprise rate cuts, China said it is ready to cut rates again and to loosen lending restrictions.
- “The carry-over effect from China, taken with the fact that the U.S. is pretty healthy, and you have a market with a bias to trend higher, especially on the cyclical front,” Mike Gibbs, co-head of the equity advisory group at Raymond James, said in the article.
- Investors are also readying for a quiet week ahead of the Thanksgiving holiday and Black Friday, Wall Street Journal reports.
- “Nobody’s going to take risk or take positions ahead of [Thanksgiving],” David Seaburg, head of sales trading at Cowen and Co., said in the WSJ article. “We’re looking at a very light couple of days.”
WBI Large Cap Tactical Growth Shares
For past stories in this series, visit our ETF Spotlight category.
Max Chen contributed to this article.