Salt Financial Launches Low Volatility ETF Powered By truBeta™
--Data, Index, and ETF provider debuts diversified ETF for conservative, risk averse investors
Mar 13, 2019, 09:01 ET
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
SOURCE Salt Financial LLC
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