EventShares, the issuer behind the EventShares U.S. Policy Alpha ETF (PLCY), is lowering the expense ratio on that actively managed equity fund to 0.75% per year, or $75 on a $10,000 investment, from 0.86%. The fund will now be known as the U.S. Legislative Opportunities ETF.
The U.S. Legislative Opportunities ETF seeks capital appreciation by investing in market segments impacted by U.S. government policy and regulation. PLCY primarily holds small and mid-cap domestic stocks.
“EventShares is an investment management firm dedicated to translating legislation and regulation coming out of Washington D.C. into real world investment solutions. The firm’s goal is to provide its clients with attractive, long-term results by following a disciplined and differentiated approach to investing,” according to the California-based firm.
What’s In PLCY
PLCY usually holds 70 to 120 stocks spanning up to 15 themes. Themes currently represented in the ETF include energy, infrastructure, sports betting, renewable energy, healthcare deregulation, tobacco and 5G telecommunications.
“Since launching our ETF business in 2017, we’ve sought to draw a very clear line between politics and policy,” said Ben Phillips, Chief Investment Officer of EventShares. “With this new name, we believe we’ve made our fund’s mandate even more clear.”
The announcement of PLCY’s lower fee coincides with EventShares launching a new subscription-based institutional research platform known as MarketDesk.
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“MarketDesk research helps investors across the financial landscape track financial markets more efficiently, generate actionable investment ideas, and consolidate multiple research resources into one,” according to EventShares.
Plans range from $39 to $99 per month and include high quality, qualitative data, liquidity data and valuation data among other data points.
For more thematic investment strategies, visit our Thematic Investing Channel.
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