Daily ETF Watch: WBI To Add To Lineup
WBI files for sector rotation ETF.
WBI has filed for another ETF to add to its lineup of 10 actively managed funds. The WBI Tactical Rotation Shares is essentially a go-anywhere fund that can invest in other exchange-traded products, options, equities, fixed-income securities and currencies.
The fund’s managers will use quantitative computer models to evaluate various factors affecting different investments and their potential risk-adjusted returns. The prospectus warns of a possibly high level of volatility in the fund’s shares and the potential for heavy losses.
WBI rolled out 10 tactical ETFs roughly a year ago that also rely on quantitative strategies. Within a day of their launch, they received collective inflows of nearly $1 billion, over half of which came from existing WBI clients.
The proposed ETF will come with an expense ratio of 1.43 percent.
Contact Heather Bell at [email protected].
