A Closer Look At A Unique Multi-Strategy ETF Gathering Impressive Assets

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March 17, 2017 12:28pm NYSE:HTUS

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Chicago-based Hull Tactical Asset Allocation entered the ETF market as a sponsor in late June of 2015, and its lone fund at the moment, HTUS (Hull Tactical Fund, Expense Ratio 1.00%), has made a name for itself in raising more than $100 million in assets to date.


Fund literature suggests that HULL is “an actively managed ETF driven to realize long-term appreciation from investments in the U.S. equity, derivative and Treasury markets, independent of market direction. We aim to achieve this through the use of our proprietary, quantitative trading model. We constantly monitor and analyze current and historical data with the goal of providing our investors with results that offer a meaningful return and long-term capital appreciation.”

HTUS is a “fund of fund” ETF in that it invests in other ETFs, both on the long and the short side, including leveraged and inverse ETFs. According to fund literature, the fund’s goal is “to achieve long-term growth from investments in the U.S. equity and Treasury markets, independent of market direction.”

In terms of classification, HTUS is considered “Long-Short” and within the “Alternatives” asset class in the ETF landscape. In fact, thanks to its strong asset growth since inception, HTUS has grown to be the second largest “Long-Short” ETF in the U.S. listed universe, behind the $138 million FTLS (First Trust Long/Short Equity ETF, Expense Ratio 1.17%) and the fund is the sixth largest “Alternatives” based ETP in terms of asset size behind the $1.1 billion QAI (IQ Hedge Multi-Strategy Tracker, Expense Ratio 0.75%), WDTI (WisdomTree Managed Futures Strategy, Expense Ratio 0.95%, $186 million in AUM), MNA (IQ Merger Arbitrage, Expense Ratio 0.76%), the aforementioned FTLS and the $110 million RLY (SPDR SSGA Multi-Asset Real Return, Expense Ratio 0.70%).

We do not see any specific mentions of future ETF offerings planned by Hull, but based on the traction that HTUS has gained inside of a two year period in terms of asset growth and recognition, it would not be surprising to see other products hit the market at some point.

HTUS

The Hull Tactical US ETF (NYSE:HTUS) was trading at $26.88 per share on Friday afternoon, down $0.02 (-0.07%). Year-to-date, HTUS has gained 4.39%, versus a 6.24% rise in the benchmark S&P 500 index during the same period.

HTUS currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #2 of 23 ETFs in the Long Short ETFs category.


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