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Rating:In NYC, a $599MM-AUMA Team Adds ETF #3 Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, April 4, 2024

In NYC, a $599MM-AUMA Team Adds ETF #3

Reported by Neil Anderson, Managing Editor

Within a Midwestern firm, a $599-million-AUMA (as of December 31) Gotham team is rolling out their third ETF.

Jason De Sena Trennert
Strategas Asset Management, LLC
Chairman, Chief Investment Officer
Today, Jason DeSena Trennert, chairman and chief investment officer of Strategas Asset Management, LLC, and Chris Verrone, partner and head of technical and macro research at Strategas Securities, LLC, unveiled the launch of the Strategas Macro Momentum ETF (SAMM on the NYSE Arca. Inc.). (Strategas Securities and Strategas AM are owned by Baird [profile].)

SAMM is a series of the Advisors' Inner Circle Fund III. The new fund's inception date was yesterday, and it comes with an expense ratio of 66 basis points. (That bakes in a 46bps fee waiver promised through April 30, 2025.)

Strategas AM serves as SAMM's investment advisor, and Vident Asset Management serves as subadvisor. The new ETF's PM team includes: Verrone and Nicholas Bohnsack, president and CEO of Strategas AM and president and chief operating officer of Strategas Securities, as lead portfolio managers: Austin Wen, PM at Vident, and Rafael Zayas, senior vice president and head of portfolio management and trading at Vident, as PMs; and Gerald Hendricks, director and senior portfolio analyst at Strategas AM, and Todd Sohn, managing director of technical and ETF research at Strategas Securities, as co-PMs.

Strategas AM's first two ETFs debuted in January 2022, and they had more than $104 million in combined AUM as of yesterday. Like those first two Strategas ETFs, SAMM is an active, thematic fund.

Trennert describes SAMM as "a one-of-a-kind actively managed ETF designed to identify the 'investable conclusion' from the often complex and interdependent variables affecting the global economy."

"SAMM is the most tactical offering our suite of ETF products," Verrone states, describing the new fund as "designed to be more sensitive to the current market cycle — seeking and exploiting the market's momentum impulse wherever it's found."

"Taking an active approach is key to bringing these investment approaches to market in the most robust way and allows us to leverage insights and expertise from across our industry-leading macro research team," Trennert states.

SAMM's other service providers include: Brown Brothers Harriman & Co. as custodian and transfer agent; Ernst & Young LLP as independent accounting firm; Morgan, Lewis & Bockius LLP as counsel; SEI Investments Distribution Co. as distributor; and SEI Investments Global Funds Services as administrator. 

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