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Strategy Shares Debuts with Two Actively Managed ETFs
Strategy Shares on Thursday announced its launch, with a mission of providing investors with a portfolio of differentiated ETF offerings. This family of funds, previously branded as the Huntington Strategy Shares, focuses on bringing alternative-based strategies to the ETF market, in both active and passive form.
The Strategy Shares family of funds currently consists of two actively managed ETFs:
- EcoLogical Strategy ETF (HECO), which uses ecologically-focused criteria to identify U.S. and foreign companies that have positioned their business to respond to increased environmental legislation, cultural shifts towards environmentally conscious consumption, and capital investments in environmentally oriented projects.
- US Equity Rotation Strategy ETF (HUSE), which under normal conditions invests in U.S. companies in the S&P Composite 1500 Index, which is comprised of large-, mid-, and small-cap companies, and will shift to various market segments when market conditions change.
Jerry Szilagyi, CEO of Strategy Shares, said the company rebranded this family of funds as Strategy Shares, with the intent of offering investors ETF investments rooted in alternative strategies.
“As we expand our portfolio of fund offerings, our focus will remain rooted in the brand’s core mission: to offer investors unique, alternative strategies that rely on the expertise of top-performing investment teams,” Szilagyi said.
The Strategy Shares brand brings alternative strategy expertise to the ETF market. HECO is managed by David Miller and Michael Schoonover, both of Catalyst Funds, an alternative focused mutual fund company. HUSE is managed by Matthew Tuttle, of Tuttle Tactical Management.
[related_stories]Global Markets Finish Day on Fire
From the WallachBeth ETF Team:
Global markets finished the day on fire after Brexit fears quieted over the weekend.
New polls suggested that the likelihood that Britain will stay in the European Union grew to a 45% probability. From this, the biggest winners were banks and financials who finally caught a bid after getting crushed the past few weeks.
European financials rose over 3.8%, as DB and BNP Paribas all finished the day up over 4%. The British pound, which has been the most shorted currency trade over the past few months, rose a whopping 2.3%, its biggest gain in years.
Today was the first day in nine consecutive trading sessions that iShares Biotech ETF (IBB) finished in the green as buyers tried to cover short positions. Month to date, IBB and SPDR S&P Biotech ETF (XBI) are both down more than 7%.
With oil up today, breaking the $49 Barrel level, it looks like the bleeding has temporarily stopped with iShares IBoxx High Yield ETF (HYG) and SPDR Barclays High Yield Bond ETF (JNK) finally finding buyers.