Strategy Shares has launched the Strategy Shares Newfound/ReSolve Robust Momentum ETF (ROMO) which seeks to provide momentum-based exposure to global equity regions, including US, foreign developed and emerging markets, while simultaneously avoiding significant and prolonged drawdowns.
ROMO tracks the tracks the Newfound/ReSolve Robust Equity Momentum Index. Allocations made within the Index are determined by an ensemble of quantitative models, including momentum and trend following factors that are evaluated on a weekly basis. The Index seeks to tilt towards outperforming equity regions, while allocating to either short- or intermediate-term US Treasurys when global equity markets begin to exhibit negative trends. The flexibility of the Index implies that the Fund has the flexibility to shift between 100 per cent equity exposure to 100 per cent exposure in US Treasurys.
“Strategy Shares is committed to bringing unique investment strategies in the form of an ETF to the marketplace,” says Jerry Szilagyi, CEO of Strategy Shares. “The addition of the Strategy Shares Newfound/ReSolve Robust Momentum ETF to our product offerings gives investors a quantitative-driven approach to index investing that provides more diversified exposure than traditional sector indexes. This makes ROMO a unique product in the ETF market offering distinct benefits to investors’ portfolios.”
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