Salt Financial debuted a new ETF today that’s designed as an alternative to complex leveraged products.

The Salt truBeta™ High Exposure ETF (SLT) will use the firm’s proprietary truBeta™ forecast and will track the Salt truBeta™ High Exposure Index, offering magnified exposure to US equities without borrowing or derivatives.

Salt Financial aims to give investors portfolio construction tools to provide an opportunity for outperformance without the use of leverage in their portfolios.

SLT will be passively managed and the strategy targets large and mid-cap stocks across a broad range of sectors. The underlying index is optimized for liquidity, equally weighted, sector capped, and rebalances quarterly.

Salt Financial founder and CIO Tony Barchetto said financial products don’t need to be complex to be effective.

“Salt Financial now delivers portfolio construction tools designed to empower financial advisors and portfolio managers to provide an opportunity for outperformance,” Barchetto said.

Salt Financial LLC serves as the investment adviser and index provider and has overall responsibility for the general management and administration of the Fund. The new ETF is listed on the CBOE BZX Exchange under symbol SLT. U.S. Bancorp Fund Services, LLC, serves as the Fund’s transfer agent, administrator, and index receipt agent.

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