NEW YORK, March 13, 2019 /PRNewswire/ -- Salt
Financial LLC, a provider of data, ETF, and index products, today
announced the launch of the Salt Low truBeta™ US Market ETF
(Ticker: LSLT). The new offering uses the firm's proprietary
truBeta™ forecast and is designed to target low volatility and beta
stability. The ETF tracks the Salt Low truBeta™ US Market Index,
gives exposure to US large and midcap equities with the opportunity
for better risk adjusted returns.
The fund is launching with an expense ratio of 29 basis points.
Although the fund filed a recent amendment covered by the press and
in social media, the filing is pending review by the SEC. Unless
otherwise disclosed, the fund will operate at an expense ratio of
29 basis points.
Paired with the existing Salt High truBeta™ US Market ETF
(Ticker: SLT), the company is giving investors the capability to
target their desired levels of risk exposure in their portfolios.
The funds, tracking the Low and High truBeta™ indices share a
common selection universe and construction methodology. They begin
by selecting components from the Solactive US Large and Midcap
Index, a benchmark of the top 1,000 stocks in the US ranked by
market capitalization. The universe is further filtered by trading
volume, helping minimize transaction costs in tracking the index
while selecting from a broad range of more liquid US large and
midcap stocks. The portfolios are equally weighted, sector capped,
and rebalanced quarterly.
The Salt Low truBeta™ US Market Index has a lower PE ratio and a
higher yield than some of the leading low volatility alternatives.
Investors keen on lowering their market risk while maintaining
exposure to US equities should find LSLT an attractive addition to
their portfolio.
"In the quest for outperformance, we aim to supply sophisticated
investors with the advanced tools to measure, enhance and build
their optimal portfolios," said Tony
Barchetto, Salt Financials' Founder and Chief Investment
Officer.
About Salt Financial
Headquartered in New York, Salt Financial LLC is the financial
industry's first and only provider of truBeta™ portfolio
construction tools. By using a proprietary method, Salt strives to
deliver powerful financial products including data, indices, and
ETFs that are designed to give investors the ability to target
specific levels and characteristics of beta. Founded by
industry pioneers who have been widely recognized for their
achievement in running innovative and disruptive businesses, Salt
is committed to simplifying and empowering the pursuit of financial
outperformance for investors, advisers, and portfolio managers. For
more information, please visit www.saltfinancial.com.
Investments involve risk. Principal loss is possible.
The Salt truBeta™ Low truBeta™ ETF is recently organized with no
operating history with no track record or history on which to base
an investment decision. The Fund is non-diversified and may invest
in a smaller number of issuers than a diversified fund and invest
more heavily in particular sectors. The Funds have the same
risks as the underlying securities and may be more sensitive to
developments affecting an issuer or factors and market conditions
that significantly affect those sectors.
Salt Financial LLC is a registered investment adviser. The
information set forth in this communication is informational in
nature and is not intended to be investment advice (unless
specifically identified as such).
Past performance is not an indicator of future results.
Shares of the ETF may be sold throughout the day on the exchange
through any brokerage account. However, shares may only be redeemed
directly from the Fund by Authorized Participants, in very large
creation/redemption units. There can be no assurance that an active
trading market for shares of an ETF will develop or be
maintained.
ETFs are bought and sold at market price (not NAV) and may trade
at a discount or premium to NAV. Shares are not individually
redeemable from the Fund and may be only be acquired or redeemed
from the fund in creation units. Redemptions are limited and
often commissions are charged on each trade.
Beta describes the sensitivity of an individual stock to
movements in the broader market. Price-to-Earnings Ratio or P/E
ratio is a ratio for valuing a company that measures its current
share price relative to its per-share earnings.
An investor should consider the Fund's investment objectives,
risks, charges and expenses carefully before investing. For a
prospectus or summary prospectus which contains this and other
important information about the Funds, please visit our web site at
www.salt-funds.com or by calling 646-779-1050. Please read
the prospectus or summary prospectus carefully before
Investing.
The Salt Low and High truBeta™ US Market ETFs are distributed by
Compass Distributors, LLC
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SOURCE Salt Financial LLC