US-based Huntington Asset Advisors has announced the launch of a second actively managed ETF through its new ETF family, Huntington Strategy Shares.
The Huntington US Equity Rotation Strategy ETF (HUSE) has been listed on the NYSE Arca and follows the Huntington EcoLogical Strategy ETF (HECO), which debuted last month.
The objective of the Huntington US Equity Rotation Strategy ETF is to seek capital appreciation in any given market environment. Its underlying investment universe is the broad market S&P Composite 1500 index.
The ETF is actively managed and strives to meet its objective by overweighting the industry sectors or segments that the adviser believes to offer the best potential for long-term capital appreciation, while underweighting industry sectors or segments expected to underperform.
“We have an established team of investment experts, who continually monitor the economy, in order to identify which sectors or segments are best positioned to do well in a given market cycle or economic environment,” said Randy Bateman, Huntington’s chief investment officer and president of the Huntington Asset Advisors. “As a result, Huntington’s US Equity Rotation Strategy has the flexibility to take advantage of what we believe are the best opportunities in the domestic market today.”
“When investors think of ETFs, they usually think of passive investments,” added Paul Koscik, US Equity Rotation Strategy ETF manager. “The US Equity Rotation Strategy represents a newer type of ETF, one that is designed to be more flexible than static and thereby able to take advantage of more investment opportunities.”
Paul Koscik and Martina Cheung will be responsible for the day-to-day management of the HUSE.
The fund as a net expense ratio of 0.95%.