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Rating:Newfound and ReSolve Add a 4th ETF to Their Stack, And ... Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, June 3, 2024

Newfound and ReSolve Add a 4th ETF to Their Stack, And ...

by: Neil Anderson, Managing Editor

A Boston area boutique, a Midwestern ETF-in-a-box shop, and a Cayman Islands alts shop are teaming up on a fourth ETF together, and prepping a fifth.

Corey Michael Hoffstein
Newfound Research LLC
Chief Investment Officer, Chief Technology Officer, Co-Founder
Last week, the folks at Newfound Research LLC, Tidal Investments LLC [profile], and ReSolve Asset Management SEZC (Cayman) rolled out the Return Stacked U.S. Stocks & Futures Yield ETF (RSSY on the Cboe BZX Exchange, Inc.), and they also filed to launch the Return Stacked Bonds & Futures Yield ETF (RSBY). RSSY is a series of Tidal Trust II, and RSBY will be, too.

RSSY's inception date was last Tuesday, May 28, and by Friday, May 31, it had $102.26 million in AUM, according to the Return Stacked ETFs website. By comparison, the prior three Return Stacked ETFs had $302.71 million in combined AUM as of May 31. (They are: RSBT, launched in February 2023, now with $62.85 million in AUM; RSST, launched in September 2023, now with $144.95 million in AUM; and RSSB, launched in December 2023, now with $94.91 million in AUM).

RSBY will come with an expense ratio of 100 basis points. RSSY comes with an expense ratio of 104bps.

Milwaukee, Wisconsin-based Tidal Investments will serve as investment advisor to both RSSY and RSBY. Wellesley Hills, Massachusetts-based Newfound will serve as sponsor and investment advisor to both new ETFs. And Georgetown, Grand Cayman-based ReSolve will serve as sponsor and futures trading advisor to both ETFs.

The PM team for RSBY and RSSY includes: Steven Braun, senior quantitative analyst and chief derivatives officer at Newfound; Adam Butler, chief investment officer and portfolio manager at ReSolve; Qiao Duan, PM at Tidal; Rodrigo Gordillo, president and PM of ReSolve; Corey Hoffstein, CIO of Newfound; Michael Philbrick, co-founder, CEO, amd PM of ReSolve; and Charles Ragauss, PM at Tidal.

The new ETFs' other service providers include: Cohen & Company, Ltd. as independent accounting firm; ACA's Foreside Fund Services, LLC as distributor; Sullivan & Worcester LLP as counsel; Tidal ETF Services LLC as administrator; U.S. Bancorp Fund Services, LLC (dba U.S. Bank Global Fund Services as fund accountant, sub-administrator, and transfer agent; U.S. Bank National Association as custodian. 

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