The Tuttle Tactical Management has listed a new exchange-traded product (ETP), Tuttle Tactical Management US Core ETF (Symbol: TUTT), on The Nasdaq Stock Market.
"We've developed TUTT to reassure investors that their personal needs in the marketplace are protected," says Matthew Tuttle, Chief Executive Officer and Portfolio Manager at Tuttle Tactical Management, LLC. "TUTT gives investors the opportunity for capital appreciation over the long term, while offering safeguards striving to protect portfolios from downturns."
The tactical nature of TUTT's objective is a pre-determined, active strategy that responds to market indicators rather than attempts to use them as predictors of market direction. Under normal market conditions, TUTT will invest no less than 80% of its total assets in shares of ETPs listed on US exchanges. The total annual fund operating expenses will be 1.34%. Tuttle Tactical Management, LLC, the Fund's investment sub-adviser, manages the assets using a tactical approach.
"We are thrilled to list TUTT with our partners at Tuttle Tactical Management," says Jeff McCarthy, Vice President, Head of ETP Listings at Nasdaq. "We are committed to increasing the value of our partnership by continuing to fuel innovation in the listing and trading of exchange-traded products."