Liquid Alternatives: Formidable Asset Management Launches Liquid Alternatives ETF

May 28, 2021 | Liquid Alternatives, News
https://dailyalts.com/wp-content/uploads/2021/05/screenshot-www.formidableam.com-2021.05.28-10_45_45-team.png

The Formidable ETF (FORH) is an actively managed, liquid alternatives portfolio.

Formidable Asset Management, LLC announced the launch of the Formidable ETF (NYSE:ARCA: FORH), the firm’s first ETF product. The ETF is an actively managed, liquid alternatives portfolio diversified among multiple distinct strategies, including tail hedging, inside a single ETF. (ETF Trends)

The Formidable ETF (FORH)

The ETF trades on the NYSE Arca Exchange under the ticker FORH, and closed at $25.27 on Thursday. The fund managers believe that a multi-strategy approach may be an efficient way to provide alternatives exposure.

They describe the ETF as:

  • Active: Driven by the firm’s research process, not a passive index.
  • Alternative: Multi-strategy approach may complement fixed income or equities.
  • Adaptable: Hedging strategies seek to help protect against significant market declines.

The ETF will invest primarily in equities. However, it will pursue a range of investment strategies across asset classes and styles, while applying a dynamic risk management framework.

Further equity selection will be based on a combination of fundamental analysis, valuation, and technical considerations, as well as portfolio risk controls.

The fund has the liberty to deploy hedging strategies to protect against significant market declines. Toroso Investments will act as sub-advisor to the FORH.

The ETF has an expense ratio of 1.20%.

Multi-strategy approach inside an ETF wrapper

“We believe alternatives may play an important role in diversifying a client’s overall asset allocation, and yet we were unable to find funds that met our criteria in this category. Accordingly, we set about designing a multi-strategy approach rooted in our investment process, then decided to offer it as an ETF, which we believe may provide transparency and tax efficiency”, said Will Brown, Chief Executive Officer and Managing Partner of Formidable.

Related Story:    Ninepoint Launches A Liquid Alternative Bond Fund                                               

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2022/06/gases-2071091_640.png
Venture Capital/ESG: Brookfield Raises Mammoth $15B Fund Focused On The Climate Transition To Net Zero

Brookfield Asset Management (NYSE: BAM) announced the final close of its $15 billion Brookfield Global Transition Fund, receiving investments from institutions and private wealth channels including public and private pension…

https://dailyalts.com/wp-content/uploads/2022/06/Revolut.jpg
FinTech: Revolut Launches Buy-Now-Pay-Later (BNPL) In Ireland
June 24, 2022     FinTech, News

Digital challenger bank Revolut has commenced the rollout of a BNPL offering in Ireland this week. It will compete with established BNPL players in the country such as Swedish fintech…

https://dailyalts.com/wp-content/uploads/2022/06/Solana_logo.png
Alternative Investments/Digital: Osprey Funds Launches Solana Fund On The OTCQB Market

Crypto asset manager Osprey Funds has launched the the Osprey Solana Trust (OSOL). The firm said earlier this month that the fund has commenced trading via the OTCQB market. OSOL…

https://dailyalts.com/wp-content/uploads/2022/06/uveye-screengrab.jpg
Artificial Intelligence: GM Buys Stake In UVeye For Its AI Vehicle Inspection Systems

In a move to incorporate AI into the somewhat tedious and error-prone manual vehicle inspections, GM (NYSE: GM) has taken a stake in UVeye, an Israeli startup creating vehicle inspection…