Absolute Shares Trust, part of Millington Securities, expanded on its line of actively managed exchange traded funds to include a tactical rotation strategy that will seek out global opportunities while diminishing potential downside risks.
The newly launched WBI Tactical Rotation Shares (NYSEArca: WBIR) is an actively managed ETF with a 1.43% expense ratio.
“Knowing where and when to invest can be difficult,” says Matt Schreiber, President of WBI, said in a statement. “WBIR is designed to take advantage of opportunities around the globe while seeking to protect capital during unfavorable market conditions.”
[related_stories]WBI Investments acts as the sub-advisor to the fund, with Gary E. Stroik as lead portfolio manager and Don Schreiber, Jr. as co-portfolio manager.
WBIR will invest in a broad number of investment companies, ETFs, exchange-traded vehicles issuing equity securities and exchange traded notes, along with financial instruments, including futures contracts, swap agreements and forward contracts, reverse repurchase agreements, and options on securities, indices, and futures contracts that provide exposure to global asset classes, sectors, industries, geographic regions, currencies and indices.
Related: Absolute Shares Joins ETF Fray With 10 New ETFs
Additionally, underlying investments may include international and domestic debt, commodities, foreign currencies, hedging strategies, other alternative asset classes, and domestic and international equities. The fund is basically free to invest in anything and everything.
However, through their proprietary models, the advisors will assess factors and conditions that affect the potential risk-adjusted return of the investment opportunities and only allocate toward investments with higher expected risk-adjusted returns.
WBI Investments first made a name for itself in the ETF business after launching 10 actively managed ETFs and rapidly accumulated $1 billion in assets under management.