Strategy Shares, a family of exchange traded funds (ETFs), has surpassed USD330 million in assets under management (AUM). This growth in assets represents a 325 per cent growth for the firm since the beginning of 2018.
Strategy Shares’ portfolio of offerings includes three ETFs. Each fund looks to utilise a unique strategy, with two of the three offering the first fund available in their respective categories (ecological-focused and target distribution).
The Strategy Shares EcoLogical Strategy ETF (HECO) is an actively managed fund that invests at least 80 per cent of its net assets in the securities of ecologically-focused companies. These companies are defined as ones that have positioned their business to respond to increased environmental legislation, cultural shifts towards environmentally conscious consumption and capital investments in environmentally oriented projects.
The Strategy Shares US Market Rotation Strategy ETF (HUSE) is a tactically managed fund which invests in US companies included in the S&P Composite 1500, which is comprised of large-cap, mid-cap and small-cap companies. The Fund may over- or under-weight certain industry sectors and segments depending on which the managers believe to have the greatest or least potential for capital appreciation given the current market environment.
The Nasdaq 7HANDL Index ETF (HNDL) is a first-of-its-kind target distribution ETF aimed to pay monthly distributions on Fund shares at a target annualised rate of approximately 7.0 per cent on the Fund’s per-share net asset value on the date of a distribution’s declaration. The Fund seeks investment results that correlate generally, before fees and expenses, to the price and yield performance of the Nasdaq 7HANDL™ Index. All or a portion of a distribution may consist of a return of capital from the original investment and the distribution rate may be modified at any time.
Strategy Shares was acquired by Rational Capital in January 2016 from Huntington Bank. Since the acquisition, Strategy Shares launched the HNDL ETF and the HECO and HUSE ETFs implemented new strategies.