The Fairlead Tactical Sector ETF (TACK) is actively managed by Katie Stockton, who founded the independent research firm Fairlead Strategies in 2018. TACK carries an expense ratio of 70 basis points. “Our perspective, most directly put, is that we have experienced great results for our clients by surrounding ourselves with the smartest people we can partner with,” said Tom Herrick, CIO at Cary Street Partners. “In this instance, after working with Katie on the research side for several years, we jumped at the opportunity to partner with her and launch an investable strategy.”
ETF Newz Says:
The focus of the ETF is to leverage momentum and sector rotation while minimizing drawdowns by moving into Treasuries, gold, and cash equivalents when the equity market loses momentum.
“We believe the conservative nature of TACK’s strategy makes it a high-quality, low-risk investment for anyone interested in participating in the U.S. equity market,” Stockton said.
