Knight Capital Group has launched two actively managed exchange-traded funds run by subsidiary Astor Asset Management. The funds are the Astor Active Income ETF Fund and the Astor SP Growth ETF Fund.
The funds take a macroeconomic approach with the goal of a compounded absolute return without the performance fees and lock-up periods of hedge funds. Astor’s funds are sold through financial advisers in separately managed accounts and mutual funds.
“We are very excited to round out our mutual fund lineup with the launch of two new funds,” said Robert N. Stein, founder of Astor and senior managing director and head of global asset management at Knight. “We now have the ability to offer advisers and their clients access to three tactical asset allocation strategies that follow our macroeconomic investment philosophy. We believe that in today’s volatile markets, there is a great deal of investor demand for a flexible, go-anywhere investment management approach to investing compared to the traditional buy-and-hold funds.”