Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Three ETFs In Less Than Four Months Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, October 6, 2022

Three ETFs In Less Than Four Months

Reported by Neil Anderson, Managing Editor

The team at a startup on the West Coast have launched their third fund in less than four months.

Bruce Ivins Lavine
NightShares / AlphaTrAI Funds, Inc.
CEO
Today, Bruce Lavine, CEO of NightShares [profile], and Max Gokhman, chief investment officer of NightShares sibling AlphaTrAI Funds, Inc., unveiled the NightShares 500 1x/1.5x ETF (NSPL on the NYSE Arca, Inc.). The new fund's inception date is today, and it comes with an expense ratio of 67 basis points.

Today's launch comes after the NightShares team launched their first two ETFs last June. Like with those first two funds, NSPL is a series of Unified Series Trust, with Alpha as investment advisor and Exchange Traded Concepts, LLC (ETC) as subadvisor. NSPL also uses the same PM team, namly Gokhman plus a quarter of ETC portfolio managers: Todd Alberico, Brian Cooper, Andrew Serowik, and Gabriel Tan.

Like NightShares' first two ETFs, NSPL is an actively managed ETF designed to offer investors exposure to what the NightShares team refers to as "the night effect," i.e. the overnight performance of markets. NSPL specifically targets 500 large cap U.S. stocks, offering 1.5-times exposure to those stocks' nighttime performance and then 100 percent of those stocks' daytime performance.

"Because the day and night market sessions perform very differently, we wanted to provide investors with yet another cutting-edge approach to capturing the Night Effect," Lavine states.

The new fund's other service providers include: Brown Brothers Harriman & Co. (BBH) as custodian and transfer agent; Cohen & Company, Ltd. as independent accounting firm; Ultimus Fund Solutions, LLC as administrator and fund accountant; Northern Lights Compliance Services, LLC (an Ultimus affiliate) as provider of a chief compliance officer; and Northern Lights Distributors, LLC (an Ultimus subsidiary) as distributor. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use