The new exchange traded fund player Huntington Asset Advisors is launching an actively managed fund based on a U.S. sector rotation strategy.
According to a press release, the Huntington US Equity Rotation Strategy Strategy ETF (HUSE) will try to perform during any market environment, holding U.S. companies from the S&P Composite 1500, which includes large-, mid- and small-cap stocks. HUSE has an expense ratio of 0.95%.
Paul Koscik, V.P. and Senior Portfolio Manager, and Martina Cheung, CFA, CMT, V.P. and Senior Portfolio Manager, will actively managed the ETF and lean toward specific industry sectors or segments to provide the best potential for long-term capital appreciation based on current market conditions.
“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,” Randy Bateman, Huntington’s chief investment officer and president of the Huntington Asset Advisors, said in the press release.
“When investors think of ETFs, they usually think of passive investments,” Koscik added. “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.”
HUSE will include utilities, consumer staples, information technology, healthcare, financials, energy, consumer discretionary, materials, industrials, and telecommunication services sector stocks.
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Max Chen contributed to this article.