On Black Friday, an ETF strategist will shut down a nontraditional bond mutual fund.
| Gerald Buetow|
Co-Chief Investment Officer
Per a recent filing with the SEC, on November 27 AFAM Capital
] will discontinue
the $5.4-million Innealta Capital Tactical Fixed Income Fund
. The fund, which debuted on March 31, 2014, was PMed by Innealta founder and chief investment officer Gerald Buetow
, senior vice president and PM Mark Mowrey
, and co-CIO Vito Sciaraffia
could not immediately reach an AFAM spokesperson for comment on the planned liquidation.
is based in Austin, Texas and Aliso Viejo, California. The Innealta unit is a tactical ETF strategist that invests both domestically and globally. AFAM (Al Frank Asset Management) bought Innealta six years ago.
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