Direxion, the WI-based manager better known for its suite of leveraged and inverse exchanged-traded funds, launched a new fund that allows the ordinary investor to invest like billionaires. The Direxion iBillionaire Index ETF (IBLN) is similar to the Global X Guru ETF (GURU), but holds a smaller basket. The new fund tracks the iBillionaire Index, a proprietary equity benchmark launched …
New ETFs On The Block: Huntington US Equity Rotation Strategy ETF (HUSE)
Columbus, Ohio-based regional bank Huntington Bancshares launched its second ETF in July-end that offers a different investment strategy involving active management of US domestic stocks. The Huntington US Equity Rotation Strategy ETF (HUSE) seeks to achieve capital appreciation in excess of the broad S&P Composite 1500 index that includes large-, mid-, and small-cap companies and may be suitable for long-term …
New ETF On The Block: Advisorshares Global Alpha & Beta ETF (RRGR)
Bethesda, Maryland-based ETF issuer AdvisorShares has launched another actively managed fund, the AdvisorShares Global Alpha & Beta ETF (RRGR), marking its 15th actively managed fund and the ninth equity product overall. This is the first product to be managed by the Arizona-based advisory firm Your Source Financial. YSF is run by experienced money manager and popular financial blogger Roger Nusbaum, …