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November 2, 2022 – West Bend, Wisconsin – Client First Tax & Wealth Advisors has announced that it is in the pre-launch phase of its first exchange traded fund (ETF). AdaptivTM Select ETF (Ticker: ADPV).
Client First, an independent registered investment manager in West Bend, Wisconsin, is working with strategic partners US Bank, Exchange Traded Commodities (ETC), and Quasar Distributors to develop momentum-based large cap selection strategies. realized within. Efficient exchange trading vehicle*
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Client First Managing Partner Paul Serling said: “Our partners such as Sub Advisors (ETC), Lead Market Makers, Global Trading Systems (GTS), Fund Custodians and Administrators (US Bank) are well known in the market. provides the very deep expertise we were looking for.Launching this ETF was no easy task.We wanted to find experts and partner with them.This We owe it to our clients, and I think they will appreciate what we have built.”
“We are thrilled to have AdaptivTM functionality within our ETF structure to provide the benefits of active management and the tax benefits of ETFs,” he said.
Justin Krueger, Partner and Head of Financial Planning at CFP®.
Client First implements the TrueHolistic® planning process for over 400 households while managing over $120 million in assets.
“Introducing AdaptivTM active management for selecting individual stocks within tax efficient ETF wrappers has been something we have wanted since 2018. We had to wait patiently to get it established.It took over a year to build the AdaptivTM Select ETF, but the AdaptivTM team worked hard to make it happen.The time is now and we Our planning team is thrilled with our clients and the potential this ETF will bring to their retirement plans and portfolios.”
The AdaptivTM Select ETF is designed with two main objectives in mind: (1) Identifying and owning the 25 highest-ranking large-cap U.S. stocks from the universe of 1000 largest-capitalized U.S. equities when the broader U.S. market is in an uptrend; (2) Identify when the broader US market is trending down and shift from equity holdings to cash and short-term Treasury bills.
The AdaptivTM Select ETF was tested using a unique, objective rule-based calculation to
fulfill the aforementioned. Ian McMillan, his CMT® Portfolio Manager and Market Analyst at Client First, said: “First, when the overall U.S. equity market is in an uptrend, we use momentum and relative strength as measuring bars to try to hold the best stocks.
Second, once moving averages are used to identify a broader downtrend in the U.S. equity market, try to mitigate risk and reduce drawdowns by shifting 100% of the ETF into cash and T-Bills. will do.
Third, you don’t have to wait a whole quarter to implement the aforementioned features. We make these calculations and reconstitute the AdaptivTM Select ETF weekly. That’s important. “
With the fund activated, the AdaptivTM Select ETF could launch in November of this year and is expected to list on the New York Stock Exchange (NYSE) under the ticker ADPV.
David Zarling, CMT® Partner and Head of Investment Strategy and Research for the client, said: beginning. “This loving work was done first and foremost for our own clients. Advisors and investors often try to pick individual stocks in an attempt to capture both absolute and relative returns. seeks to capture both of the aforementioned using two investment factors consistently observed across many market timeframes: momentum and relative strength.
It’s a win-win proposition for us to be able to offer the aforementioned stock picking method in a tax efficient wrapper. Other investors and advisors will do so if they want the same selection protocol and tax efficiency in their portfolios. ”
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