MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, September 8, 2021 Three Years, $1B In AUM An Empire State fund firm's team is celebrating a big milestone for a 3.5-year-old ETF after some major growth so far this year. Last week, David Miller, PM of Rational Advisors' [profile] Strategy Shares Nasdaq 7HANDL Index ETF (HNDL), confirmed that the "target distribution ETF" has passed $1 billion in AUM. Its assets have risen more than five fold in 2021 alone. The fund, which comes with an expense ratio of 97 basis points, is divided 50-50 between a core portfolio (of fixed income and equity ETFs) and a Dorsey Wright Explore Portfolio. The latter is a tactical portfolio that mixes various asset classes to generate high levels of income, and the fund's aim is make monthly distributions that total about 7 percent of its AUM annually. "With rates likely to stay near zero for the foreseeable future, the approach underpinning HNDL can solve for a key need for yield-hungry investors," Miller states. HNDL first debuted in early 2018. Printed from: MFWire.com/story.asp?s=63359 Copyright 2021, InvestmentWires, Inc. All Rights Reserved |