MutualFundWire.com
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 |
|
Monday, December 11, 2023 A USN and Morgan Stanley Vet Enters the ETF Biz A United States Navy veteran and former Morgan Stanley FA is entering the ETF business, with help from a fund firm near New York City.
NSI's inception date was December 6. The fund comes with an expense ratio of 100 basis points. National Security Index is NSI's sponsor, and Greenwich, Connecticut-based Tuttle Capital Management [profile] is the fund's investment advisor. The new ETF is designed to track the Alerian National Security Emerging Markets Index, from index provider VettaFi, LLC. Matt Tuttle, managing director and portfolio manager at his eponymous firm, serves as NSI's PM. The idea behind NSI is to offer investors passive exposure to emerging markets, but without companies that, in the National Security Index's teams words, "threaten the national security and human rights interests of the United States." This means excluding investments in Chinese defense firms and companies sanctioned over human rights abuses. "American investors want emerging markets index funds, but not if it means selling out our national security or turning a blind eye to human rigths abuses," Bernier states. "NSI is more than just an index fund; we believe it's an opportunity to revolutionize how Americans invest globally." NSI's other service providers include: Brown Brothers Harriman & Co. (BBH) as custodian, dividend disbursing agent, shareholder servicing agent, and transfer agent; Cohen & Company, Ltd. as independent accounting firm; Northern Lights Distributors, LLC as distributor; Thompson Hine LLP as counsel; and Ultimus Fund Solutions, LLC as administrator and fund accountant. Printed from: MFWire.com/story.asp?s=66796 Copyright 2023, InvestmentWires, Inc. All Rights Reserved |
