In addition to GOP and DEMS, EventShares is also launching a new tactical fund, the EventShares U.S. Tax Reform Fund (TAXR). TAXR seeks to provide exposure to those companies that are poised to see the greatest benefit from the implementation of significant tax reform in the U.S. The company may introduce additional tactical ETFs going forward. Past examples of tactical situations around which an EventShares fund might have been constructed include the Dodd-Frank legislation, Obamacare, Quantitative Easing, and Abenomics.
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All EventShares funds may invest in both equity and debt securities, without geographic limits. The funds have the ability to combine asset classes and market exposures opportunistically, managed based on policy-driven events and themes. In addition, the funds may hold both “short” and “long” positions in securities the manager believes will be impacted by specific policies and political events. The funds will generally hold 30-75 positions in the portfolio and be equally weighted.
“ETFs provide a great vehicle for investors who may want transparent, low-cost exposure to the potential impact of specific policies,” said Phillips. “Adding the active component allows us to manage the funds dynamically, in keeping with constantly changing fortunes of the political parties, and rapidly evolving global events.”
For more information on new fund products, visit our new ETFs category.