Welcome to our dedicated page for PlanRock Alternative Growth ETF news (Ticker: prae), a resource for investors and traders seeking the latest updates and insights on PlanRock Alternative Growth ETF stock.
PlanRock Alternative Growth ETF (PRAE) aims to provide investors with a dynamic and flexible investment strategy, focusing on growth by rotating between various segments of the global equity markets. The Fund is designed to achieve low correlation to broad global equity markets, thanks to its innovative equity rotation and its ability to shift between long and short positions. This unique approach seeks to deliver positive returns in both bull and bear markets, offering a compelling alternative to traditional stock or bond portfolios.
PlanRock Investment Management, LLC, the firm behind PRAE, was established in 2020 and is headquartered in Nashville, Tennessee. Founded by Stephen Hammers, CEO and CIO, the firm comprises experienced portfolio managers from the former Compass EMP/Victory Funds and Victory Shares team. PlanRock Investment Management provides outsourced due diligence, investment model portfolios, and CIO services for financial advisors, focusing on offering premier high alpha-producing funds.
On December 21, 2023, PlanRock Investments announced the launch of PRAE and its counterpart, the PlanRock Market Neutral Income ETF (PRMN). Both ETFs began trading on the NYSE on December 19, 2023. According to Stephen Hammers, the mission of these ETFs is to advance and preserve investor capital by providing investment strategies that can either complement or replace traditional stock or bond portfolios.
PlanRock Alternative Growth ETF specifically targets segments of the global equity markets that are performing well, while avoiding struggling areas. This selective approach, combined with the use of long and short positions, aims to provide stable growth regardless of market conditions. The Fund's strategy is constructed to achieve low correlation with broad global equity markets, utilizing flexible rotation and hedging strategies to manage risk and volatility.
Investors are advised to carefully consider the Fund's investment objectives, risks, charges, and expenses before investing. Detailed information is available in the prospectus and summary prospectus, which can be obtained from the Fund's website or by contacting their customer service. It is important to note that investing involves risks, including the potential loss of principal, and there is no guarantee that investment strategies will achieve their objectives.
PlanRock ETFs are distributed by Northern Lights Distributors, LLC, and there is no affiliation between Northern Lights Distributors, LLC, and PlanRock Investments.
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