Nasdaq Lists the Tuttle Tactical Management U.S. Core ETF
(Thomson Reuters ONE) -
Offers Investors the Opportunity for Capital Appreciation While Protecting
Portfolios From Downturns
NEW YORK, Feb. 25, 2015 (GLOBE NEWSWIRE) -- Nasdaq announced that Tuttle
Tactical Management will list a new exchange-traded product (ETP), Tuttle
Tactical Management U.S. Core ETF (Symbol: TUTT), which will begin trading on
The Nasdaq Stock Market today.
"We've developed TUTT to reassure investors that their personal needs in the
marketplace are protected," said Matthew Tuttle, Chief Executive Officer and
Portfolio Manager at Tuttle Tactical Management, LLC. "TUTT gives investors the
opportunity for capital appreciation over the long term, while offering
safeguards striving to protect portfolios from downturns."
The tactical nature of TUTT's objective is a pre-determined, active strategy
that responds to market indicators rather than attempts to use them as
predictors of market direction. Under normal market conditions, TUTT will invest
no less than 80% of its total assets in shares of ETPs listed on U.S. exchanges.
The total annual fund operating expenses will be 1.34%. Tuttle Tactical
Management, LLC, the Fund's investment sub-adviser, manages the assets using a
tactical approach.
"We are thrilled to list TUTT with our partners at Tuttle Tactical Management,"
said Jeff McCarthy, Vice President, Head of ETP Listings at Nasdaq. "We are
committed to increasing the value of our partnership by continuing to fuel
innovation in the listing and trading of exchange-traded products."
Nasdaq operates an efficient platform for successfully introducing a product
suite into one of the single largest pools of liquidity, including market
participants which represent a full spectrum of investors. ETP issuers benefit
from an end-to-end solution that provides ongoing product support including
index licensing, listings opportunities, data offerings and trading services. As
the home to some of the world's most innovative ventures, Nasdaq generates
opportunities for issuers to access new markets and deliver new concepts that
change the way the industry develops, manages and applies ETPs.
About Tuttle Tactical Management:
Tuttle Tactical Management is an experienced industry leader in Trend
Aggregation providing Investment Advisers, Financial Planners, Insurance Agents
and their clients with proven and customized tactical ETF-based investment
strategies and exclusive asset management.
Our uncertain global economy presents a new paradigm for investing. While growth
is important, knowing how to protect the wealth you have accumulated is equally
important.
About Nasdaq:
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange
technology, listing, information and public company services across six
continents. Through its diverse portfolio of solutions, Nasdaq enables customers
to plan, optimize and execute their business vision with confidence, using
proven technologies that provide transparency and insight for navigating today's
global capital markets. As the creator of the world's first electronic stock
market, its technology powers more than 70 marketplaces in 50 countries, and 1
in 10 of the world's securities transactions. Nasdaq is home to more than 3,500
listed companies with a market value of over $9.1 trillion and more than 10,000
corporate clients. To learn more, visit www.nasdaq.com/ambition or
www.business.nasdaq.com.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made
under the Safe Harbor provisions of the Private Securities Litigation Reform Act
of 1995. These statements include, but are not limited to, statements about
Nasdaq and its products and offerings. We caution that these statements are not
guarantees of future performance. Actual results may differ materially from
those expressed or implied in the forward-looking statements. Forward-looking
statements involve a number of risks, uncertainties or other factors beyond
Nasdaq's control. These factors include, but are not limited to factors detailed
in Nasdaq's annual report on Form 10-K, and periodic reports filed with the U.S.
Securities and Exchange Commission. We undertake no obligation to release any
revisions to any forward-looking statements.
Nothing contained herein should be construed as investment advice from Nasdaq,
either on behalf of a particular financial product or an overall investment
strategy. Nasdaq makes no recommendation to buy or sell any financial product or
any representation about the financial condition of any company or fund.
Investors should undertake their own due diligence and carefully evaluate
financial products before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS
STRONGLY ADVISED.
NDAQG
CONTACT: Tuttle Tactical Management Media Contact:
Ilan Friedman, GregoryFCA
+1 (610) 228-2287 (office)
+1 (818) 903-1739 (mobile)
ilan(at)gregoryfca.com
Nasdaq Media Contact:
Alexa Sugrue
+1 (212) 231-5552 (office)
+1 (646) 577-3157 (mobile)
Alexa.Sugrue(at)nasdaq.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: The NASDAQ OMX Group, Inc. via GlobeNewswire
[HUG#1897228]
Unternehmensinformation / Kurzprofil:
Datum: 25.02.2015 - 15:32 Uhr
Sprache: Deutsch
News-ID 374191
Anzahl Zeichen: 6263
contact information:
Town:
New York
Kategorie:
Business News
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