Premise Capital enters ETF industry with a multi-asset, fund-of-funds strategy to help investors limit risks and gain diversified exposure to global markets.
Premise Capital on Friday launched the Premise Capital Frontier Advantage Diversified Tactical ETF (BATS: TCTL). TCTL has a 1.06% expense ratio.
The Premise Capital Frontier Advantage Diversified Tactical ETF tries to reflect the performance of the Premise Capital Frontier Advantage Diversified Tactical Index, which is comprised a number of passive index-based funds representing common global equity, fixed income and cash asset classes.
Specifically, the underlying index includes exposure to short-term, intermediate-term, long-term, high-yield and inflation protected fixed-income assets, along with U.S. large-cap, U.S. mid-cap, U.S. small-cap, developed international, developed international small-cap, emerging market and real estate equity assets.
Component weights will be adjusted to diminish exposure to individual asset classes determined to be in a downward trend as part of trend adjustment, and the fund will adjust exposure to equity asset classes and increase fixed-income positions as part of its risk adjustment methodology.