Horizon Investments has launched a no-load actively-managed mutual fund that invests in exchange-traded funds.
The fund, called the Horizon Active Asset Allocation Fund, will aim for total return by seeking global allocations across 12 asset classes, including common stocks in the United States, foreign developed and emerging markets. It will also seek allocations in commodities, currencies, government bonds and other debt.
It will try to achieve this exposure by betting on more than 2,000 different ETFs.
"We are very pleased to make this institutional-level strategy accessible for individual investors and their families," said Robbie Cannon, president and CEO of Horizon Investments in a statement. "We believe individual investors should have the same opportunities as our institutional clients to seek to build wealth in a managed risk environment."
The portfolio managers include Cannon as well as chief economist and investment committee chair Jeffrey Roach and equity research director Ronald Saba.
Thefund will charge 110 basis points in management fees.
In the fund’s prospectus, Horizon says that it has developed tactical asset allocation techniques which will allow the fund to navigate volatile market swings. Moreover, the prospectus says the fund will employ “a multi-disciplinary research process, incorporating global macro economics and quantitative and fundamental analysis.”
The fund is offered in no-load format and is available to individual investors through over 2,200 financial advisors affiliated with Cambridge Investment Research, Inc., an independent broker-dealer and member of both FINRA and the SIPC. The fund is accessible on two Cambridge channels: the Cambridge Managed Account Platform (CMAP) and the Cambridge Asset Allocation Platform (CAAP).
Tommy Fernandez writes for Money Management Executive.