MARBLEHEAD, Mass.–(BUSINESS WIRE)–Little Harbor Advisors, LLC (“LHA”) is announcing the launch of LHA Market State Alpha Seeker™ ETF (Symbol: MSVX). On the first day of MSVS trading, Thursday May 14th, the fund received orders totaling approximately 1,000,000 shares and ended the day with net assets over $25,000,000. MSVX is the second LHA Market State Shares® ETF in what LHA intends to be a family of alternative ETF strategies. The title “Market State Shares” refers to the tactical nature of the investment strategies employed by the funds.
Managed by Mike and Matt Thompson, both Chartered Financial Anaylsts (CFAs), the MSVX is substantially similar to a related investment strategy that has been used by the brothers in separately managed accounts (“SMAs”) since January of 2015. The MSVX strategy seeks to provide positive returns across multiple market cycles that are generally not correlated to the U.S. equity or fixed income markets. It employs quantitative models to observe and analyze the dynamics of market volatility. Portfolio net exposure is based on a proprietary process used to quantify market risk. One of the fund’s goals is to lessen the impact of market down-turns and to participate in market rallies.
According to Mike Thompson, “We believe that the cyclical dynamics of S&P 500 volatility, as represented by the VIX Index, along with the pricing of VIX futures contracts, offers insights and valuable information as to near-term market direction with an implied confidence factor. This allows us to shape portfolio holdings to determine which side of the market the portfolio will be exposed, how, and to what extent.”
LHA acquired a majority interest in Thompson Capital Management, LLC (“TCM”) earlier this year. According to Jeff Landle, CFA, LHA’s Chief Investment Officer, “We had been aware of TCMs volatility strategy for some time and believe if ever there was a period to pay attention to volatility it is today. Whether the current market continues its remarkable resilience to bad news or is simply a bubble waiting to burst, the stability or violence exhibited in the volatility cycle, provides insights of which the Thompsons’ strategy seems to take advantage.”
About Little Harbor Advisors, LLC and Little Harbor Research:
Little Harbor Advisors LLC is a boutique manager with a family of tactical and alternative strategies expressed as ETFs, SMAs, and Private Partnerships. Visit: www.littleharboradvisors.com
LHA Research is the educational arm of Little Harbor and is a sponsor of CE Credit programs for CFPs and live educational programs for both CFA and CAIA chapters. Visit: www.lharesearch.com
About LHA Market State Shares®
LHA Market State Shares is a growing family of alternative ETFs with a focus on tactical exposure to a market’s beta. Currently, there are two Market State Shares, the LHA Market State U.S. Tactical ETF (Symbol: MSUS) and the LHA Market State Alpha Seeker™ ETF (Symbol: MSVX).
Please refer to the statutory or summary Prospectus for each of LHA Market State U.S. Tactical ETF or LHA Market State Alpha Seeker ETF for important information, including the fund’s objectives, risk, charges, and expenses. Read and consider the Prospectus and related documents carefully before investing. You may obtain a hard copy of either Prospectus by visiting www.lhafunds.com or by calling Little Harbor Advisors, LLC at 781.639.3000 (ext. 147).
Investing involves risk. Principal loss is possible. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV, and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.
The Standard & Poor’s 500 (TR) Index (S&P 500) is an unmanaged index containing common stocks of 500 industrial, transportation, utility, and financial companies, regarded as generally representative of the U.S. stock market. The Volatility Index (VIX) was created by the Chicago Board Options Exchange (CBOE) and is a measure of expected price fluctuations in the S&P 500 Index options over the next 30 days. It is not possible to invest directly in an Index.
The funds are distributed by Quasar Distributors, LLC.
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