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The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, February 12, 2025 A Bridgewater Vet Preps 8 More ETFs A 13-year Bridgewater veteran is preparing to roll out eight more ETFs powered by his three-year-old Gotham shop. Yesterday, the folks at Unlimited Funds Inc. and Tidal Investments LLC [profile] filed to create an octet of active ETFs: the Unlimited HFEQ Equity Long/Short ETF (HFEQ), the Unlimited HFGM Global Macro ETF (HFGM), the Unlimited HFEV Event Driven ETF (HFEV), the Unlimited HFFI Fixed Income ETF (HFFI), the Unlimited HFEM Emerging Markets ETF (HFEM), the Unlimited HFMF Managed Futures ETF (HFMF), the Unlimited Ultra HFND Multi-Strategy ETF (HFUL), and the Unlimited Low-Beta HFND Multi-Strategy ETF (HFLB). New York City-based Unlimited Funds (which already powers one ETF and one hedge fund) will serve as subadvisor to the eight planned ETFs, while Milwaukee-based Tidal will serve as investment advisor. The filing indicates that the Tidal and Unlimited Funds folks plan to launch the funds sometime in 2025 (i.e. this year), all primarily listed on the NYSE Arca, Inc. The funds will be PMed by an Unlimited Funds duo: chief investment officer Bob elliott, and chief data scientist Bruce McNevin. The eight planned ETFs will have varying price tags. HFMF will come with an expense ratio of 95 basis points. HFEM will cost 99bps. HFEQ and HFGM will cost 100bps. HFUL and HFLB will cost 103bps. HFEV will cost 106bps. And HFFI will cost 119bps. HFLB, HFUL, HFMF, HFEM, HFFI, HFEV, HFGM, and HFEQ will each be actively managed series of the Tidal ETF Trust. The funds' other service providers will include: Cohen & Company, Ltd. as independent accounting firm; ACA's Foreside Fund Services, LLC as distributor; Godfrey & Kahn, S.C. 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; and U.S. Bank National Associaton as custodian. Printed from: MFWire.com/story.asp?s=69521 Copyright 2025, InvestmentWires, Inc. All Rights Reserved |