2 Active Virtus ETFs Shuttered

The strategies managed by Tuttle Tactical last traded Friday.

ETF.com
|
Reviewed by: etf.com Staff
,
Edited by: etf.com Staff

A pair of active Virtus ETFs managed by and branded under Tuttle Tactical had their last trading day Friday, Aug. 25.

The Tuttle Tactical Management U.S. Core ETF (TUTT), a fund of funds that invested in U.S. stocks as well as fixed income, and the Tuttle Tactical Management Multi-Strategy Income ETF (TUTI), a multi-asset-class strategy designed to generate income, with an accompanying goal of being low volatility, added to a growing list of closures this year.

Both funds were about two years old, having launched in 2015, and both had an expense ratio of just over 1%, or just over $100 per $10,000 invested. Neither found significant following.

TUTT had amassed nearly $24 million in total assets, while TUTI had only about $4.5 million. In the past two years, these ETFs struggled to carve much upside, as the chart below shows (the SPDR S&P 500 ETF Trust (SPY) offers reference to what the broad U.S. stock market did in that period):

 

Chart courtesy of StockCharts.com

 

Virtus has 12 ETFs in the market, with combined assets of about $1 billion. Only four of these funds are branded with Virtus’s name.

Contact Cinthia Murphy at [email protected]

 

etf.com is the single source for ETF intelligence. We provide real-time ETF news and analysis to educate investors and drive financial knowledge in the space. Our personalized and accurate information, alongside industry-leading financial tools, are depended upon to develop winning investment and financial decisions. At etf.com, we strive to serve both the individual investor as well as the professional financial advisor to educate and grow the ETF community.