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Blue Tractor Group announces licensing agreement with Summit Global Investments


Semi-transparent providers Blue Tractor has announced that it has entered into a licensing agreement with Summit Global Investments, with the intention to launch a Shielded Alpha ETF later this year. 

Founded by Dave Harden, SGI is a USD2 billion, employee-owned, investment manager headquartered in Salt Lake City, UT.

Terry Norman, Founder of Blue Tractor Group, LLC, says: “We are delighted to be working with Dave Harden and the team at Summit. Our Shielded Alpha structure offers an innovative and effective solution for active managers looking to access the ETF market, while always protecting their proprietary investment approaches.”

SGI’s “Managed Risk Approach” is at the core of the firm’s philosophy, combining risk strategy, consistent returns, and fundamental downside analysis and protection for their clients’ assets. Their belief has evolved over decades of research and continuous analysis to determine the best blueprint for reducing risk, avoiding pitfalls and elevated idiosyncratic risks, and driving market returns.

Blue Tractor’s Shielded Alpha ETF structure is a “wrapper” that facilitates management of actively managed portfolio strategies within an ETF rather than in a traditional mutual fund or SMA. Offering investors the benefits of an ETF – lower trading costs, greater tax efficiency and intra-day trading liquidity – Blue Tractor’s proprietary structure safeguards an advisor’s active portfolio management and trading strategy.

“The Blue Tractor model will fit perfectly with our dynamic tactical strategies,” says Dave Harden, CEO of Summit Global Investments. “We are excited to partner with the entire team at Blue Tractor. Their unique semi-transparent offering provides our firm the ability to access the ETF market as an active manager and allows SGI to continue to be an innovative leader offering advantages to our clients.”

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