Markets
U.S. close in 0 hrs, 16 mins
BUSINESS NEWS
- Market News
- Earnings
- Recalls
- Recession Watch
- Tech News
- Financial Crisis
- Madoff Scandal
- BloggingStocks
- Luxist
- Money Videos
INVESTING
- Stock Quotes
- Stock Charts
- Stock Ticker
- Currencies
- Portfolio
- Stock Screener
- Broker Center
- Mutual Fund Center
- ETF Center
- Money
- 24/7 Wall St.
- Financial Glossary
PERSONAL FINANCE AT WALLETPOP
- Bargains
- Banking
- Budget
- Calculators
- College Finance
- Community
- Credit
- Deals
- Debt
- Economizer
- Food
- Home
- Fraud
- Insurance
- Interest Rates
- Loans
- Mortgages
- Real Estate
- Recalls
- Recession
- Retirement
- Saving
- Simplification
- Specials
- Taxes
SMALL BUSINESS
Acclaimed ETF Manager Astor Asset Management Launches Its First Actively Managed ETF Mutual Fund (ASTRX)
Business Wire
Astor Asset Management’s Senior Economist Rob Stein, former Federal
Reserve analyst and author of The Bull Inside the Bear (Wiley 2009),
explains Astor’s new mutual fund, the
Astor Long/Short ETF Fund
(ASTRX).
Astor Asset Management has made a name for themselves with their
Long/Short Balanced ETF Program, landing them national recognition as
one of the top performing ETF managers for 2008. Astor is now applying
their macroeconomic-based approach to their new mutual fund, the Astor
Long/Short ETF Fund (ASTRX).
“In our opinion, our new mutual fund allows active management to be part
of any investment portfolio,” says Robert Stein, CEO of Astor Financial.
“By offering a mutual fund we have made our services more accessible to
those interested in a more active approach to money management. We
believe that the past few years have proven that new techniques are
needed to further diversify and reduce the risk of one’s investments.”
Astor utilizes a proactive philosophy of identifying the economic cycle,
implementing investment and allocation decisions using exchange-traded
funds (ETFs). The goal of the Astor Long/Short ETF Fund (ASTRX) is to
succeed in any type of market and economic environment. The fund
utilizes long equity ETF positioning in diversified non-correlating
market averages. During economic contractions, the Long/Short ETF Fund
will utilize defensive positioning, which can range from overweighting
cash and fixed income to using ETFs with inverse exposure to broad
market averages. However, short selling of securities is not a part of
the investment strategy. You may obtain a prospectus at
www.astoretffunds.com.
For more information on the Astor Long/Short ETF Fund, please contact
the fund at 877-738-0333 or visit the fund’s website at
www.astoretffunds.com.
Astor Asset Management, LLC is a SEC registered investment advisory firm
located in Chicago, Illinois.
Mutual Funds involve risk including possible loss of principal. The
Fund may invest in small, less well-known companies, which may be
subject to more erratic market movements than large-cap stocks; foreign
securities, which are subject to currency fluctuations and political
uncertainty; and derivative securities, which may carry market, credit,
and liquidity risks. These risks may result in greater share price
volatility.
Investors should carefully consider the investment objectives, risks,
charges and expenses of the Astor Long/Short ETF Fund. This and other
important information about the Fund is contained in the prospectus,
which can be obtained by calling 877-738-0333. The prospectus should be
read carefully before investing. The Astor Long Short ETF Fund is
distributed by Northern Lights Distributors, LLC member FINRA/SIPC.
NLD Review Code: 1296-NLD-11/3/2009
Copyright Business Wire 2009
2009-11-09 15:08:00
COMMENTS ( 0 )