StrongVest Global Advisers has launched the StrongVest CWA Income exchange traded fund (ETF) on the Bats ETF Marketplace.
The firm’s first ETF seeks to achieve its investment objective by investing its assets in a diversified portfolio of corporate bonds with varying maturities and equity securities.
The active fund will normally invest in investment grade corporate bonds of large cap domestic issuers, without a preference for particular market sectors.
Laura Morrison, senior vice president, global head of exchange-traded products at Bats, says: “Despite recent Federal Reserve action rates remain lower on a global basis and so investors of every sort are rightly looking down all avenues in the hunt for income. In CWAI, StrongVest has created a compelling ETF which allows for tax-efficient access to an active, income-targeting investment strategy at a low expense ratio. This is great news for investors, and we are proud to partner with StrongVest to bring this product to market.”
Ryan Turner, president at StrongVest Global Advisors, says: “We are excited to be partnering with Bats and Capital Wealth Advisors on the launch of this ETF, and we’re looking forward to a long and fruitful collaboration with both firms.”
