New ETF Filing Alert (actively-managed): Euclid Capital Growth ETF

Name: Euclid Capital Growth ETF

Ticker: Not available yet

Expense Ratio: Not available yet

Effective date: December 30, 2020 (Wednesday)

Index/investment strategy: Actively-managed. Invests mainly in other ETFs.

Trust: Tidal ETF

Adviser: Toroso Investments, LLC

Sub-Adviser: Euclid Investment Advisory, LLC - "market-driven, time-proven, compound capital gains, reduce investment risk"

Euclid's Investment Management Process

Seems more rules-based technical analysis + some fundamental analysis than active. Maybe active refers mainly to the act of buying and selling positions? From their website:

How We Manage & Monitor Our Investment Strategies

A time-tested formula for success

1. Rank 11 Major Equity & Fixed Income Markets

• Ranking Determined by Proprietary Relative Strength Technical Analysis
• Sector-Specific Fundamental Factors Considered

2. Review Market Component Sectors

• Ranking Determined by Proprietary Relative Strength Technical Analysis
• Sector-Specific Fundamental Factors Considered

3. Position Selection and Weighting

• Steps 1 & 2 Clearly Identify Top Ranked ETF Positions to Own
• Weighting to Model Positions Determined By Relative Strength and Market Dynamics

4. Actively Monitor and Manage

• Steps 1 & 2 Repeated on a Weekly Basis
• Buy and Sell Action Determined By Rising or Falling Technical and Fundamental Indicators