ETF-Based, Sherwood Forest Long/Short Fund (SFCMX) Launched By Sherwood Forest Capital Management

Share This Article
April 24, 2009 10:27am ETF BASIC NEWS

etf-news7Effective February 11, 2009, Unique ETF Fund, With About $10 Million AUM, Evolves From Adviser’s Composite With Returns Of 32.03% in 2008, And 41.09% Since Inception 04/01/2007. 

CHARLOTTESVILLE, Va., April 24 /PRNewswire/ — Sherwood Forest Capital Management announced today that effective February 11, 2009, it has launched no-load, Sherwood Forest Long/Short Fund (SFCMX), investing in exchange-traded funds (“ETFs”), both U.S. and overseas. 

In making the announcement, Douglas Stewart, Portfolio Manager, said, “This unique ETF fund commences with some $10 million in assets, which we managed previously as separate accounts for our Firm’s clients.” The previous composite returns (net of fees) were +32.03% for the year ending 12/31/08; and, +41.09% since inception in 04/01/07. 

“Now, with this new mutual fund structure,” Mr. Stewart said, “We have made our ‘proprietary methodologies’ for investing in ETFs more widely available to investors.”

Full Story: http://au.sys-con.com/node/934682



7 "SAFE HAVEN" Dividend Stocks for Turbulent Times

Read Next



Get Free Updates

Join over 50,000 investors who get the latest news from ETFDailyNews.com!

Most Popular



Explore More from ETFDailyNews.com

Free Daily Newsletter

Get daily ETF insights from our market experts. Never miss another important market development again!

ETFDailyNews.com respects your privacy.

Best ETFs

We've rated and ranked nearly 2,000 ETFs and ETNs using our proprietary SMART Grade system.

View Top Rated ETFs

Best Categories

We've ranked dozens of ETF categories based on relative performance.

Best ETF Categories