“We believe this ETF provides investors with a fully-fledged portfolio management strategy that strives to consistently give the optimal allocation in order to seek to reduce risk around market moving events like government referendums or interest rate hikes,” Kevin Kelly, Portfolio Manager and Chief Investment Officer of Recon Capital Partners, said in a press release. “This involves dynamically rotating around stock, industry, and factor allocations, taking into account current market information while also rebalancing monthly to the dynamic and ever-changing markets. The objective of the ETF is to seek to provide the most optimal portfolio for risk-adjusted returns.”
Sector weights include consumer goods 31.5%, consumer services 22.2%, utilities 15.3%, healthcare 10.9%, financials 7.4%, industrials 6.6%, telecom 4.5%, tech 1.5% and basic materials 0.1%.
Top holdings include Clorox 5.5%, Southern Co. 4.6%, Hershey 3.6%, Costco Wholesale 3.3% and Rite Aid 3.1%.
Furthermore, yield-hungry investors may also enjoy decent yields as the USMR’s underlying index shows a 3.1% yield.
For more information on new fund products, visit our new ETFs category.