Today Anfield Capital launched an ETF of ETFs that implements a sector rotation strategy. The actively managed Anfield U.S. Equity Sector Rotation ETF (AESR) is the third ETF to launch from Anfield. Regents Park is the fund’s advisor, while Anfield Capital is the subadvisor.
AESR comes with an expense ratio of 1.42% and lists on Cboe Global Markets, the parent company of ETF.com.
The fund targets broad sectors with the intention of capitalizing on market opportunities and avoiding downturns. The prospectus notes that the fund will likely hold eight to 10 different sector ETFs, mostly representing the 11 broad sectors of the S&P 500.
Anfield Capital provides outsourced CIO services and its ETF ideas are often responses to what clients are looking for, according to David Young, the firm’s founder and CEO. With AESR, the firm uses its forecasting models to tactically allocate to sectors based on where the market is in its cycle. Right now, Young says, AESR is invested most heavily in the technology, health care, financial and consumer staples sectors.
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