Salt Financial LLC, a provider of data, ETF and index products, today announced the launch of the Salt truBeta™ High Exposure ETF (Ticker: SLT).
The new offering uses the firm’s proprietary truBeta™ forecast and is designed as an alternative to complex leveraged products. The ETF tracks the Salt truBeta™ High Exposure Index, offering magnified exposure to US equities without borrowing or derivatives.
Salt Financial aims to give investors portfolio construction tools to provide an opportunity for outperformance without the use of leverage in their portfolios.
Laura Morrison, Senior Vice President, Global Head of Listings at Cboe Global Markets, Inc. said: “A significant measure of any market is the quality and competitiveness of the participants it attracts, and we are delighted to welcome Salt Financial to the Cboe ETF Marketplace. Their pioneering spirit and focus on what is truly important to end investors makes them an ideal partner and we hope this will be the first of many ETFs they choose to list with Cboe.”
Salt Financial’s founders, Tony Barchetto and Alfred Eskandar, are pioneers in the fields of electronic trading and financial technology. Their experience and insights led to their creation of truBeta™, which they believe delivers a far more accurate forecast of beta than traditional methods. The goal of truBeta™ is to transform a backward-looking estimate into an indicator of future market sensitivity, allowing investors to boost participation in market movements without the side effects of daily reset leverage.
Salt Financial’s first ETF—SLT—is passively managed and the strategy targets large and mid-cap stocks across a broad range of sectors. The underlying index is optimized for liquidity, equally weighted, sector capped, and rebalances quarterly.
“We believe that financial products don’t need to be complex to be effective,” said Tony Barchetto, Founder & Chief Investment Officer, of Salt Financial. “Salt Financial now delivers portfolio construction tools designed to empower financial advisors and portfolio managers to provide an opportunity for outperformance.”
Salt Financial LLC serves as the investment adviser and index provider and has overall responsibility for the general management and administration of the Fund. The new ETF is listed on the CBOE BZX Exchange under symbol SLT. U.S. Bancorp Fund Services, LLC, serves as the Fund’s transfer agent, administrator, and index receipt agent.