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Astor launches two actively managed ETF mutual funds

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Knight Capital Group’s subsidiary Astor Asset Management has launched the Astor Active Income ETF Fund and the Astor SP Growth ETF Fund.

Astor specialises in constructing portfolios by investing in exchange-traded funds based on a macroeconomic approach and tactical asset allocation strategies. Astor’s actively managed portfolio of ETFs are designed with the goal of protecting and growing capital over time at an attractive absolute compounded return, without the performance fees and lock-up periods of hedge funds. These portfolios of ETFs are offered through financial advisors within separately managed accounts and mutual funds.

The Astor Active Income ETF Fund (a share:AXAIX)(c share:CXAIX) takes a tactical approach to fixed income investing based upon macroeconomic principles and yield curve analysis and seeks to provide investors with yield while protecting capital. The Astor SP Growth ETF Fund (a share:ASPGX)(c share:CSPGX) follows a tactical asset allocation approach based on macroeconomic fundamentals and seeks to provide a lower level of volatility than the broad equity markets over a complete market cycle. The firm launched the Astor Long/Short ETF Fund (a share:ASTLX)(c share:ASTZX)(i share:ASTIX)(r share:ASTRX) in October 2009.

"We are very excited to round out our mutual fund lineup with the launch of two new funds," says Robert N Stein (pictured), Astor’s founder, Senior Managing Director and Head of Global Asset Management at Knight. "We now have the ability to offer advisors and their clients access to three tactical asset allocation strategies that follow our macroeconomic investment philosophy. We believe that in today’s volatile markets there is a great deal of investor demand for a flexible, go-anywhere investment management approach to investing compared to the traditional ‘buy-and-hold’ funds."

 

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