Premise Capital has become the latest issuer on the Bats ETF Marketplace with the launch of the Premise Capital Frontier Advantage Diversified Tactical Exchange Traded Fund (CTL).
The fund, the first ETF launched by Premise, seeks to provide investment results that correspond generally to the total return of the Premise Capital Frontier Advantage Diversified Tactical Index.
The index uses forward-looking views on individual asset classes to create diversified portfolios that aim to provide an optimal balance of risk and return, while limiting the portfolio's exposure to inadequately compensated risk.
Laura Morrison, senior vice president, global head of exchange-traded products at Bats, says: “We welcome the innovative Premise team — and TCTL — to the Bats ETF Marketplace, and look forward to a very successful partnership.”
“After a 30-year bull market in bonds and a seven-year bull market in stocks, investors are concerned about volatility increasing and are seeking tactical strategies that may be more sensitive to market declines,” says Premise co-founder Jason Rolence. “TCTL offers investors a product with the ability to adjust a portfolio's allocation to reflect changing expectations, which is critical in today's investment climate.”
Jake Hutchinson, managing director at Premise Capital, adds: “We believe TCTL is the first and only index-based, globally diversified, tactical ETF that trades based on necessity. And it is delivered to investors in a liquid and tax-efficient ETF structure.”
TCTL portfolio manager, Britton Reynolds, says, “Despite the rapid rise in the number of ETFs, there are surprisingly few options when it comes to tactically managing equity exposure, particularly in the index-based space. We believe TCTL is well positioned to help investors tactically manage equity exposure, with the goal of remaining globally diversified on the efficient frontier.”
