Elliott Wislar, CEO and Thomas Deegan, Chief Operating Officer of Clearbrook, rang the NYSE Closing Bell on Wednesday 30 August to mark the launch of ClearShares OCIO ETF (OCIO).
ClearShares LLC, a Clearbrook Company, began trading ClearShares OCIO on 27 June, 2017. An early adopter of the Outsourced Chief Investment Officer (OCIO) model in ETF form, the Fund is an ETF of ETFs, offering access to an actively managed, diverse portfolio of passive and active index-based ETFs. It is distributed by Quasar Distributors, LLC.
“We are excited to have launched ClearShares OCIO ETF in response to the needs of our investors for an innovative solution that incorporates experienced investment management with the cost advantages, liquidity and transparency of an ETF structure,” says Wislar. “Due to the positive feedback we have received on the Fund, we are looking to launch similar ETF products over the next year or two that offer investor’s access to top investment talent and a broad range of traditional and alternative asset classes.”