Perhaps the most remarkable news of the past week was the announcement that Nottingham’s Starboard Investment Trust, in an echo of Dimensional Fund Advisors and Guinness Atkinson, is scheduled to complete its conversion of the Adaptive Growth Opportunities Fund into the Adaptive Growth Opportunities ETF (AGOX) today.
The transition took place using the exemptive relief of Nottingham’s Starboard Investment Trust.
There was also a number of additional launches during the week beyond what ETF.com has already covered.
May 4 saw the rollout of the Alger 35 ETF (ATFV), which implements a growth strategy focused on “positive dynamic change” to select its portfolio of 35 securities. The fund uses Precidian’s ActiveShares model for nontransparent ETFs. It comes with an expense ratio of 0.55% and lists on the NYSE Arca. ATFV is Alger’s second ETF after launching its Alger Mid Cap 40 ETF (FRTY) earlier this year.
The following day was the launch of the Freedom Day Dividend ETF (MBOX), also actively managed, which focuses on companies that are likely to increase their dividends. The fund’s management team relies on both fundamental and quantitative analysis to select its holdings from the large and midcap universe of U.S. stocks. It comes with an expense ratio of 0.35% and lists on the NYSE Arca.
Beyond conversions and new launches, there was a host of changes to existing ETFs, with many of them coming from Franklin Templeton affiliate ClearBridge.