Little Harbor Advisors debuted its first ETF on Wednesday, providing investors with an actively managed strategy that can help navigate quickly changing market conditions.

On Thursday, Little Harbor Advisors launched the LHA Market State U.S. Tactical ETF (Cboe: MSUS), which has a 1.25% expense ratio.

Jeffrey C. Landle, Managing Principal and Chief Investment Officer of the Little Harbor Advisors, will act as the portfolio manager for MSUS.

The actively managed LHA Market State U.S. Tactical ETF acts as an ETF-of-ETFs and tries to exceed the total return performance of the broader U.S. equity market on a risk-adjusted basis by investing in large cap U.S. equity ETFs, along with long or short futures contracts on one or more U.S. equity market indices, according to a prospectus sheet.

Related: iShares Adds 7 Active A.I.-Backed Sector ETFs

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