Elm Wealth Launches Dynamic Index Investing® ETF with Industry-Leading Low Fee
Elm Wealth has launched its Elm Market Navigator ETF (NYSE: ELM) with $362 million in assets, making it the most well-capitalized ETF launch this year. The ETF features a competitive 0.24% net expense ratio after a 2bps management fee waiver, less than half the Morningstar Global Allocation category average.
The ETF follows Elm's Dynamic Index Investing® strategy, which was previously available as a private fund since 2011. The strategy focuses on maximizing risk-adjusted returns through a globally diversified portfolio that adapts to market conditions. The portfolio maintains a baseline allocation of 75% in global equities and 25% in fixed income, with adjustments based on market risks, interest rates, and return opportunities.
The fund is fully transparent and rules-based, allowing investors to track portfolio allocation changes. It can be purchased through major brokerage firms including Charles Schwab, E*Trade, Fidelity, and others, with Jane Street serving as the designated lead market maker.
Elm Wealth ha lanciato il suo Elm Market Navigator ETF (NYSE: ELM) con 362 milioni di dollari in asset, rendendolo il lancio di ETF meglio capitalizzato di quest'anno. L'ETF presenta un competitivo rapporto di spese nette dello 0,24% dopo l'esenzione di 2 punti base della commissione di gestione, meno della metà della media della categoria Morningstar Global Allocation.
L'ETF segue la strategia di Dynamic Index Investing® di Elm, disponibile in precedenza come fondo privato dal 2011. La strategia si concentra sulla massimizzazione dei rendimenti aggiustati per il rischio attraverso un portafoglio globalmente diversificato che si adatta alle condizioni di mercato. Il portafoglio mantiene un'allocazione di base del 75% in azioni globali e del 25% in reddito fisso, con aggiustamenti basati sui rischi di mercato, i tassi d'interesse e le opportunità di rendimento.
Il fondo è completamente trasparente e basato su regole, permettendo agli investitori di monitorare le variazioni nell'allocazione del portafoglio. Può essere acquistato tramite le principali società di intermediazione, tra cui Charles Schwab, E*Trade, Fidelity e altre, con Jane Street che funge da market maker principale designato.
Elm Wealth ha lanzado su Elm Market Navigator ETF (NYSE: ELM) con 362 millones de dólares en activos, convirtiéndolo en el lanzamiento de ETF mejor capitalizado de este año. El ETF presenta una competitiva relación de gastos netos del 0,24% después de una exención de 2 puntos básicos de la tarifa de gestión, menos de la mitad del promedio de la categoría de Morningstar Global Allocation.
El ETF sigue la estrategia de Dynamic Index Investing® de Elm, que estaba disponible anteriormente como un fondo privado desde 2011. La estrategia se centra en maximizar los rendimientos ajustados al riesgo a través de una cartera globalmente diversificada que se adapta a las condiciones del mercado. La cartera mantiene una asignación base del 75% en acciones globales y del 25% en renta fija, con ajustes basados en los riesgos del mercado, las tasas de interés y las oportunidades de rendimiento.
El fondo es completamente transparente y basado en reglas, lo que permite a los inversores seguir los cambios en la asignación de la cartera. Se puede comprar a través de las principales firmas de corretaje, incluyendo Charles Schwab, E*Trade, Fidelity y otras, con Jane Street como el creador de mercado principal designado.
Elm Wealth는 Elm Market Navigator ETF (NYSE: ELM)를 3억 6200만 달러의 자산으로 출시하였으며, 이는 올해 가장 자본이 잘 갖춰진 ETF 출시입니다. 이 ETF는 관리 수수료 면제를 포함하여 0.24%의 경쟁력 있는 순비용 비율을 갖추고 있으며, 이는 Morningstar Global Allocation 카테고리 평균의 절반도 안 되는 수치입니다.
이 ETF는 Elm의 Dynamic Index Investing® 전략을 따르며, 이 전략은 2011년부터 사모펀드로 제공되었습니다. 이 전략은 시장 조건에 적응하는 세계적으로 분산된 포트폴리오를 통해 위험 조정 수익률을 극대화하는 데 중점을 두고 있습니다. 포트폴리오는 글로벌 주식에 75%, 고정 수익에 25%의 기본 할당을 유지하며, 시장 위험, 금리 및 수익 기회에 따라 조정됩니다.
이 펀드는 완전히 투명하고 규칙 기반으로 설계되어 있어 투자자들이 포트폴리오 할당 변경을 추적할 수 있습니다. Charles Schwab, E*Trade, Fidelity 등 주요 중개 회사를 통해 구매할 수 있으며, Jane Street가 지정된 주요 시장 조성자로 활동하고 있습니다.
Elm Wealth a lancé son Elm Market Navigator ETF (NYSE: ELM) avec 362 millions de dollars d'actifs, ce qui en fait le lancement d'ETF le mieux capitalisé de cette année. L'ETF présente un ratio de dépenses nettes compétitif de 0,24 % après une exonération de 2 points de base des frais de gestion, soit moins de la moitié de la moyenne de la catégorie Morningstar Global Allocation.
L'ETF suit la stratégie Dynamic Index Investing® d'Elm, qui était auparavant disponible en tant que fonds privé depuis 2011. La stratégie se concentre sur la maximisation des rendements ajustés au risque grâce à un portefeuille mondialement diversifié qui s'adapte aux conditions du marché. Le portefeuille maintient une allocation de base de 75 % en actions mondiales et de 25 % en revenus fixes, avec des ajustements basés sur les risques du marché, les taux d'intérêt et les opportunités de rendement.
Le fonds est entièrement transparent et basé sur des règles, permettant aux investisseurs de suivre les changements dans l'allocation du portefeuille. Il peut être acheté par l'intermédiaire des principales sociétés de courtage, notamment Charles Schwab, E*Trade, Fidelity et d'autres, Jane Street agissant en tant que teneur de marché principal désigné.
Elm Wealth hat seinen Elm Market Navigator ETF (NYSE: ELM) mit einem Vermögen von 362 Millionen Dollar gestartet, was ihn zum am besten kapitalisierten ETF-Start in diesem Jahr macht. Der ETF weist eine wettbewerbsfähige Nettokostenquote von 0,24% nach einer Befreiung von 2 Basispunkten der Verwaltungsgebühr auf, weniger als die Hälfte des Durchschnitts der Morningstar Global Allocation-Kategorie.
Der ETF folgt der Dynamic Index Investing®-Strategie von Elm, die zuvor seit 2011 als privater Fonds verfügbar war. Die Strategie konzentriert sich darauf, risikoadjustierte Renditen durch ein global diversifiziertes Portfolio zu maximieren, das sich an die Marktbedingungen anpasst. Das Portfolio hält eine Basisallokation von 75% in globalen Aktien und 25% in festverzinslichen Wertpapieren, mit Anpassungen basierend auf Marktrisiken, Zinssätzen und Renditechancen.
Der Fonds ist vollständig transparent und regelbasiert, sodass Investoren die Änderungen in der Portfoliostruktur verfolgen können. Er kann über große Brokerage-Firmen wie Charles Schwab, E*Trade, Fidelity und andere erworben werden, wobei Jane Street als benannter Hauptmarktmacher fungiert.
- Launch with substantial $362M in assets, indicating strong initial investor interest
- Competitive 0.24% net expense ratio, below industry average
- Conversion from established private fund with 13-year track record
- Wide availability through major brokers enhancing accessibility
- None.
Insights
The launch of Elm Wealth's Dynamic Index Investing® ETF marks a significant democratization of institutional-quality investment strategies. The $362 million initial AUM is particularly noteworthy, as it provides immediate scale and liquidity that should result in tight bid-ask spreads and efficient trading execution for investors.
The fund's competitive edge lies in its 0.24% net expense ratio, positioning it as a cost leader in the global allocation category. This fee structure could translate to meaningful long-term savings for investors, potentially adding several basis points to annual returns compared to category peers. The timing of the launch is strategically sound, capitalizing on reduced ETF operating costs while offering a proven strategy with a 13-year track record.
The Dynamic Index Investing® approach represents an innovative evolution in ETF strategy design. Unlike traditional static allocation funds, ELM's rules-based framework for adjusting its 75/25 equity-fixed income baseline offers a systematic approach to risk management that could prove particularly valuable in volatile market conditions. The transparency of the allocation changes adds a layer of predictability that may help investors maintain their investment discipline.
The management team's pedigree, including experience from Salomon Brothers' bond arbitrage unit and LTCM, brings institutional-level expertise to the retail market. This background in sophisticated market strategies, combined with the systematic, rules-based approach, suggests a well-thought-out risk management framework that could be particularly appealing to investors seeking professional-grade portfolio management at ETF prices.
Investment management firm makes its 13-year-old private fund available for all investors
ELM launched with a
Before being listed on the New York Stock Exchange, ELM was a private fund initiated at Elm Wealth’s 2011 launch. The ETF follows Elm’s Dynamic Index Investing® strategy which emphasizes maximizing risk-adjusted returns through a globally diversified portfolio that evolves in response to changing market conditions.
"We believe a sound investing approach should be eyes-open and responsive to varying risks and return, which is why we created Dynamic Index Investing®," said Victor Haghani, founder of Elm Wealth. "By converting our private fund to an ETF, we're offering all investors a low-cost and tax-efficient way to systematically adjust their portfolio to market risks, interest rates, and evolving return opportunities."
Another aspect that makes Elm Wealth’s Dynamic Index Investing® strategy unique is that it is fully transparent and rules-based, allowing investors to follow along with regular changes in their asset allocation.
“We believe the comfort of knowing your portfolio responds to changing markets allows people to comfortably run a greater average exposure to equities than if they have to commit to a static, fixed asset allocation,” explains Elm Wealth’s Chief Executive Officer James White.
ELM’s portfolio of low-cost index ETFs starts with a baseline of 75 percent allocation in global equities and the remaining 25 percent in fixed income. The fund’s equity allocation and geographical exposure then change in line with alterations in the expected return and risk of the different asset classes.
Haghani, who was a managing director in Salomon Brothers’ famed bond arbitrage unit and a co-founder of the hedge fund LTCM, created Elm Wealth out of a desire for a wealth management solution that combined the best features of passive and active management to invest his family’s wealth. Later, Haghani co-wrote The Missing Billionaires: A Guide to Better Financial Decisions with White, who made stops along his career at Bank of America and Citadel.
ELM can be purchased through most brokerage firms, including, among others, Charles Schwab, E*Trade, Fidelity, Interactive Brokers, Robinhood, and SoFi. Jane Street will be the ELM ETF’s designated lead market maker.
For more information about ELM, contact Elm Partner and Chief Commercial Officer Jerry Bell at jerry@elmwealth.com.
About Elm Wealth
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Disclosures:
Investing involves risk, including the loss of principal. Before you invest in the Elm ETFs, please refer to and carefully consider the summary or statutory prospectus for important information about the investment company, including investment objectives, risks, charges and expenses. This can be found free of charge on the fund’s website https://www.elmfunds.com/. You may also obtain a hard copy of the prospectus by calling 1-800-617-0004. The prospectus or summary prospectus should be read carefully before investing.
Because the Fund is a fund of funds, the Fund is subject to the risks associated with the Underlying Funds in which it invests. The principal risks of investing in the Fund and the Underlying Funds are summarized below.
Newer Adviser Risk. The Adviser has not previously served as an adviser to a registered investment company. As a result, there is no long-term track record of the Adviser serving as an adviser to a registered investment company against which an investor may judge the Adviser and it is possible the Adviser may not achieve the Fund’s intended investment objective.
Fund of Funds Risk. An investment in the Fund will be subject to substantially the same risks as those associated with the Underlying Funds in proportion to the Fund’s allocation to those Underlying Funds.
Foreign Investments and Emerging Markets Risk. Securities of non-
The Elm Market Navigator ETF is distributed by Quasar Distributors, LLC.
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Media:
Alexandra Zendrian
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allie@atozcommunicationspr.com
Source: Elm Wealth
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