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Monday, February 06, 2017|
A Quant Shop Flies Into ETFs
The Colorado-based independent fund manager Blue Sky Asset Management has launched its first suite of ETFs! There are five ETFs in total under the QuantX brand, including: the QuantX Dynamic Beta US Equity ETF, the QuantX Risk Managed Multi-Asset Income ETF, the QuantX Risk Managed Growth ETF, the QuantX Risk Managed Real Return ETF and the QuantX Risk Managed Total Return ETF. All the funds are listed on the Bats exchange.
Of the five funds, one falls into the dynamic beta category, which is designed to select "securities from the Russell 1000 that have the highest reward to risk" ratio, which they call an "invest from the windshield, not the rearview mirror" approach. The other four ETFs fall into the risk-managed category.
Blue Sky launched in 2013, emerging out of an RIA. (The founder started his career at a wirehouse.) They develop investment products geared towards institutions and private investors working with financial advisors. The company's logo, a snowflake, represents what they pitch as their "simple yet elegantly complex" approach.
Northern Lights Distributors, LLC serves as the funds' distributor. Brown Brothers Harriman & Co serves as the funds' custodian and transfer agent. Thompson Hine LLP serves as the funds' legal counsel.
As for future products, Blue Sky prefers to "walk before they run," but expects complimentary products to be offered down the line.
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