Horizons ETF Management rolled out an actively managed exchange traded fund that could help generate higher yields for income-minded investors while limiting downside risk.
On Wednesday, Horizons launched the Horizons Cadence Hedged US Dividend Yield ETF (Cboe: USDY), which has a 0.68% expense ratio.
J. Paul Dokas, Senior Portfolio Manager and Managing Director of Cadence Capital Management, and Robert E. Ginsberg, Senior Portfolio Manager and Managing Director of Cadence Capital management, act as the Sub-Advisor Portfolio Managers. Additionally, Garrett Paolella, Managing Director of Horizons ETFs Management, Troy Cates, Managing Director and Head of Trading and Portfolio Manager of Horizons ETFs Management, and Jonathan Molchan, Director and Head of Product Development and Portfolio Manager of Horizons ETFs Management, will act as the Advisor Portfolio Managers of USDY.
“The launch of USDY further exemplifies our ongoing commitment to offer investors unique approaches to sourcing income and alpha,” Paolella said in a note. “Cadence is an industry leader with approximately $4.6 billion in assets that’s been managing yield-oriented equity strategies for institutional investors since 1988.”