WBI Investments, a New Jersey-based asset manager and issuer of several mutual funds, becomes the latest entrant to the exchange traded funds industry today with the launch of 10 ETFs on the New York Stock Exchange.
WBI is listing the ETF under the Absolute Shares Trust label, according to a blurb on Seeking Alpha.
The new ETFs from WBI are as follows: WBI SMID Tactical Growth Shares (WBIA), WBI SMID Tactical Value Shares (WBIB), WBI SMID Tactical Yield Shares (WBIC), WBI SMID Tactical Select Shares (WBID), WBI Large Cap Tactical Growth Shares (WBIE), WBI Large Cap Tactical Value Shares (WBIF), WBI Large Cap Tactical Yield Shares (WBIG), WBI Large Cap Tactical Select Shares (WBIL), WBI Tactical Income Shares (WBII) and the WBI Tactical High Income Shares (WBIH).
According to a prospectus filed with the Securities and Exchange Commission, the WBI ETFs will feature expense ratios ranging from 1% to 1.08% per year.
“With over 11,000 accounts, WBI has more than $2.4 billion in assets under management across all of its product lines (as of December 2013),” the firm says on its web site.
WBI mutual fund offerings include two balanced funds and two dividend funds.
ETF Trends editorial team contributed to this post.
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