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 |
|
Wednesday, January 31, 2024 Defiance Teams With Tidal and Zega For a 4th Launch A six-year-old, Florida ETF shop's team is partnering with a familiar duo to launch a fourth ETF.
TRES' inception date was January 24, and it comes with an expense ratio of 75 basis points. As of market close yeterday, the new, actively managed ETF had $2.5 million in AUM. The launch of TRES follows the launches last September and October of trio of ETFs powered by Zega, Tidal, and Defiance. Like with those first three ETFs, Defiance serves as sponsor to TRES, Tidal Investments LLC (a Tidal Financial Group company fka Toroso Investments) serves as investment advisor, and Zega Financial, LLC serves as sponsor and subadvisor. Also like with the prior launches, Pestrichelli and Mick Brokaw (two Zega portfolio managers) and Qiao Duan and Charles Ragaus (two Tidal PMs) will PM the fund. The idea of TRES is to add an options overlay on top of treasuries exposure. "TRES brings together the stability and predictability of short-term US treasuries, with a tactical options strategy that aims to harvest the volatility of treasury-based ETFF," Pestrichelli states. Jablonski describing launching TRES as "providing an investment strategy that will seek to allow investors to maximize their yield with the security of treasuries." "We're thrilled to be expanding our suite of income focused ETFs that will help investors face turbulent markets," Jablonski says. TRES' other service providers include: Cohen & Company, Ltd. as independent accounting firm; Foreside Fund Services, LLC as distributor; Sullivan & Worcester LLP as counsel; and Tidal ETF Services LLC as administrator. Printed from: MFWire.com/story.asp?s=66990 Copyright 2024, InvestmentWires, Inc. All Rights Reserved |
