ClearShares, a wholly owned subsidiary of Clearbrook, has launched the ClearShares Ultra-Short Maturity ETF (OPER). The Fund began trading on 11 July 2018 on the NYSE Arca with USD10 million in AUM.
ClearShares Ultra-Short Maturity ETF (the ‘Fund’) is an actively managed portfolio seeking current income by investing in repurchase ‘repos’ agreements, collateralised by US Treasuries and US Government Securities. The level of return on the Fund will track prevailing short-term rates. As interest rates rise so could the return paid on the Fund.
“Clearbrook has been on the forefront of introducing innovative solutions to the marketplace that helps investors of all sizes to participate in order to help meet their investment goals,” says Elliott Wislar, CEO of Clearbrook. “The OPER ETF is suitable for all investors, particularly high-net-worth, small to mid-sized corporations and institutions seeking higher returns on their cash assets.”
“Since the ‘Great Recession’ of 2008, short-term fixed income and cash like funds have provided a nominal return – close to zero per cent. The ClearShares Ultra-Short Maturity ETF seeks to fill the return void and provide an alternative to low-yielding money market and cash positions,” says Tom Deegan, Chief Operating Officer of Clearbrook. “Investors can purchase shares in the Fund with a minimum USD100 investment.”