On Black Friday, an ETF strategist will shut down a nontraditional bond mutual fund.

Gerald Buetow Innealta Capital Co-Chief Investment Officer

Per a recent filing with the SEC, on November 27 AFAM Capital [profile] 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.

MFWire could not immediately reach an AFAM spokesperson for comment on the planned liquidation.

AFAM 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. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE