WBI Shares' New Fund Chases Bulls Via Tactical Reallocation, Investing In Other ETFs


WBI Shares, the fifth-largest issuer of actively managed exchange traded funds, added to its lineup Wednesday debuting WBI Tactical Rotation Shares (NYSE:WBIR).

As is the case with WBI's other funds, WBI Tactical is designed to help investors participate in the upside of bull markets, while providing protection during bear markets.

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The fund may invest in any global asset class, geographic region, country, index, sector, industry, currency, or cash equivalents. Proprietary models assess factors and conditions likely to affect the potential risk-adjusted return of the investment opportunities under consideration. As the relative attractiveness changes, assets will be allocated and reallocated to favor those with higher expected risk-adjusted returns, according to New Jersey-based WBI.

WBIR is currently heavily allocated to cash and related instruments. In terms of specific equity and fixed-income exposure, the new ETF's largest holdings are other ETFs, including Vanguard Telecommunications ETF (NYSE:VOX), the Materials Select Sector SPDR (NYSE:XLB) and the Consumer Staples Select Sector SPDR (NYSE:XLP).

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Knowing where and when to invest can be difficult, said Matt Schreiber, president of WBI, in a statement. WBIR is designed to take advantage of opportunities around the globe while seeking to protect capital during unfavorable market conditions.

WBI debuted as an ETF issuer just over two years ago, introducing 10 ETFs with a combined $1 billion in assets under management in a single day. WBIR charges 1.43 percent a year, or $143 on a $10,000 investment.

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