NEW YORK, Feb. 25, 2015 (GLOBE NEWSWIRE) -- Nasdaq announced that Tuttle Tactical Management will list a new exchange-traded product (ETP), Tuttle Tactical Management U.S. Core ETF (Symbol: TUTT), which will begin trading on The Nasdaq Stock Market today.
"We've developed TUTT to reassure investors that their personal needs in the marketplace are protected," said Matthew Tuttle, Chief Executive Officer and Portfolio Manager at Tuttle Tactical Management, LLC. "TUTT gives investors the opportunity for capital appreciation over the long term, while offering safeguards striving to protect portfolios from downturns."
The tactical nature of TUTT's objective is a pre-determined, active strategy that responds to market indicators rather than attempts to use them as predictors of market direction. Under normal market conditions, TUTT will invest no less than 80% of its total assets in shares of ETPs listed on U.S. exchanges. The total annual fund operating expenses will be 1.34%. Tuttle Tactical Management, LLC, the Fund's investment sub-adviser, manages the assets using a tactical approach.
"We are thrilled to list TUTT with our partners at Tuttle Tactical Management," said Jeff McCarthy, Vice President, Head of ETP Listings at Nasdaq. "We are committed to increasing the value of our partnership by continuing to fuel innovation in the listing and trading of exchange-traded products."
Nasdaq operates an efficient platform for successfully introducing a product suite into one of the single largest pools of liquidity, including market participants which represent a full spectrum of investors. ETP issuers benefit from an end-to-end solution that provides ongoing product support including index licensing, listings opportunities, data offerings and trading services. As the home to some of the world's most innovative ventures, Nasdaq generates opportunities for issuers to access new markets and deliver new concepts that change the way the industry develops, manages and applies ETPs.
About Tuttle Tactical Management:
Tuttle Tactical Management is an experienced industry leader in Trend Aggregation providing Investment Advisers, Financial Planners, Insurance Agents and their clients with proven and customized tactical ETF-based investment strategies and exclusive asset management.
Our uncertain global economy presents a new paradigm for investing. While growth is important, knowing how to protect the wealth you have accumulated is equally important.
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,500 listed companies with a market value of over $9.1 trillion and more than 10,000 corporate clients. To learn more, visit www.nasdaq.com/ambition or www.business.nasdaq.com.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about Nasdaq and its products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq's control. These factors include, but are not limited to factors detailed in Nasdaq's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
Nothing contained herein should be construed as investment advice from Nasdaq, either on behalf of a particular financial product or an overall investment strategy. Nasdaq makes no recommendation to buy or sell any financial product or any representation about the financial condition of any company or fund. Investors should undertake their own due diligence and carefully evaluate financial products before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
CONTACT: Tuttle Tactical Management Media Contact: Ilan Friedman, GregoryFCA +1 (610) 228-2287 (office) +1 (818) 903-1739 (mobile) email@example.com Nasdaq Media Contact: Alexa Sugrue +1 (212) 231-5552 (office) +1 (646) 577-3157 (mobile) Alexa.Sugrue@nasdaq.com
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