Summit Global Investments launches SGI Dynamic Tactical ETF with active management and semi-transparency

Summit Global Investments has launched its first exchange-traded fund, the SGI Dynamic Tactical ETF, which is actively managed and semi-transparent. The fund, which is listed on Nasdaq, seeks long-term capital appreciation while mitigating risk by participating in rising equity markets and reducing risk when identifying weakness in different sectors or asset classes. SGI CEO and CIO Dave Harden said the fund uses quantitative factors to determine which securities to hold, and will disclose its holdings on a quarterly basis.