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Rating:Booyah! New ETFs Bet On and Against Cramer Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, March 3, 2023

Booyah! New ETFs Bet On and Against Cramer

Reported by Neil Anderson, Managing Editor

A fundster near Gotham is helping investors bet with, or against, a high profile investor on TV.

Matthew "Matt" Tuttle
Tuttle Capital Management LLC
CEO, Chief Investment Officer
Yesterday, Matt Tuttle, CEO and chief investment officer of Tuttle Capital Management LLC (TCM) [profile], unveiled the launch of two new, actively managed ETFs: the Long Cramer Tracker ETF (LJIM on the Cboe BZX Exchange, Inc.) and the Inverse Cramer Tracker ETF (SJIM). Both funds are series of the Northern Lights Fund Trust IV, and their inception date was Wednesday.

Both new ETFs come with an expense ratio of 120 basis points (including a 26-bps fee waiver on SJIM and a 118-bps fee waiver on LJIM, both promised through June 30, 2024). TCM serves as investment advisor for both funds, and Tuttle serves as their PM.

LJIM is designed to bet on investments that are recommended on air by Jim Cramer, host of CNBC's "Mad Money." SJIM is designed to bet the opposite direction (i.e. against Cramer's recommendations).

"Love him or hate him, Jim Cramer is a polarizing figure," Tuttle states. "We want to give investors on both sides of the debate a way to express their views, and create products that can provide diversification to traditional portfolios."

LJIM and SJIM's other service providers include: BBD, LLP as independent accounting firm; Brown Brothers Harriman & Co. (BBH) as custodian and transfer agent; Northern Lights Distributors, LLC as distributor; Thompson Hine LLP as counsel; and Ultimus Fund Solutions, LLC as administrator and fund accountant. 

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