FYI: On Friday, Gadsden ETFs rolled out two actively managed ETFs advised by Vident Investment Advisory. The Gadsden Dynamic Growth ETF (GDG) and the Gadsden Dynamic Multi-Asset ETF (GDMA) invest 80% of their assets based on long-term views of the macroeconomic environment as the fund’s strategic sleeve, and 20% of their assets based on short-term views of the markets as the fund’s tactical sleeve.
GDG comes with an expense ratio of 0.88%, while GDMA charges 0.71%. Both funds list on the NYSE Arca.
Regards,
Ted
https://www.etf.com/sections/daily-etf-watch/newcomer-debuts-2-active-etfs