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This New & Unique Tactical ETF Might Deserve A Look

Premise Capital, an investment advisory based out of Naperville, Illinois, entered the ETF space in late October with their launch of Premise Capital Frontier Advantage Diversified Tactical ETF (BATS:TCTL).

TCTL has a 1.06% expense ratio, inclusive of acquired fund fees and expenses. Looking at its holdings, TCTL invests mainly in very liquid and broad-based SPDRs and iShares ETFs (46% in SPY, 16.28% in SHY, and 9.24% in EFA).

Not looking to put all of its eggs in one basket, it is a “fully-diversified ETF of ETFs”, Managing Director Jacob Hutchinson points out. “This strategy uses tactical methods when the index indicates that conditions are not favorable for taking risk” according to fund literature.

The Premise Capital Diversified Tactical Index, “tracks the movement, through time, of a portfolio that can be at various risk tolerance levels, conservative to aggressive, with the goal of being diversified in a global asset allocation” according to the issuer. So it is the index that makes the tactical decisions, while the ETF tracks it.

As expected, TCTL does not yet have a detailed chart we can look at because of its recent launch. We look to feature TCTL further once it receives a little more trading history.

TCTL was inactive in Tuesday afternoon trading, and has gained 3.6% since its launch a couple of months ago.

Disclaimer: The content of this article is excerpted from a daily newsletter from Street One Financial. While ETF Daily News may edit the contents and add a relevant title to the piece, the author, Alex Ruhfass, does not endorse or recommend any issuer or security mentioned herein.

About the Author: Alex Ruhfass

Alex Ruhfass is the VP of ETF Sales and Trading at Street One Financial.

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