Liquid Alternatives: New CP ETF Is a Defensive High Yield Fixed Income Diversifier

February 18, 2020 | Liquid Alternatives, News

Added bonus: It comes with stock-like liquidity.

CP ETFS is a fund house that specializes in managing downside risk with the ability to participate in market upside with a low-correlation diversifier strategy. This strategy reduces the impact of advisor and client emotion on portfolio performance. The fund house has therefore launched the CP High Yield Trend ETF (HYTR), which alternates exposure between the US high yield corporate market and three-seven year US Treasuries. (ETFExpress)

“We’re pleased and excited to offer a defensive high yield fixed income diversifier that is one of the first funds utilising a diversified ensemble model to trend follow high yield corporate bond funds,” said Michael Krause, CFA, co-founder, and co-portfolio manager of the firm.

Conservative investors will also benefit from the ETF’s liquidity, said to be “stock-like,” and its low expense ratio.

The current management fee is 0.50% and its expense ratio is 0.5%.

The inception date of the High Yield Trend ETF (HYTR) is January 22, 2020. Its AUM as on February 14 is $8.144 million.

CP ETF: Absolute return and capital preservation

The fund tracks the CP High Yield Trend Index (HYTREND). The HYTREND index provides higher exposure to the US high yield corporate market. At the same time it attempts to reduce risk amid market volatility.

Aiming to provide competitive risk-adjusted returns with a highly efficient product can help advisors better manage client-portfolio risk,” says Krause.

Related Story:  Alternative Investments: This ETF Copycats Top Hedge Funds and Undercuts Their Fees                                                 

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