Elkhorn Investments, LLC announced today the launch of the Elkhorn Commodity Rotation Strategy ETF (DWAC).…
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Tom Dorsey, Founder of Dorsey Wright & Associates, a Nasdaq Company
DWAC is the first commodity exchange-traded fund based on Dorsey, Wright & Associates (DWA), a Nasdaq Company’s, proprietary Relative Strength methodology.
“This is not only the first Dorsey, Wright & Associates-based commodity ETF, but also the first purely tactical commodity ETF in the marketplace,” said Ben Fulton, Founder and CEO of Elkhorn. “Investors looking for a highly selective portfolio of commodities now have a solution.”
The Elkhorn Commodity Rotation Strategy ETF’s commodity exposure is based on a model developed by DWA using their proprietary Relative Strength methodology. The Model evaluates a universe of 21 commodities and provides equal-weighted exposure to the five commodities exhibiting the highest relative strength. The ETF also utilizes an intelligent roll strategy to mitigate the potential negative impact of contango, and invests in a short duration portfolio of highly liquid, high quality bonds.
“I have long been a believer in tactical opportunities within the commodity market,” said Tom Dorsey, Founder of Dorsey Wright & Associates, a Nasdaq Company. “We have built commodity-based models for decades, yet this is the first ETF based on our commodity research. For investors unsure of how to invest in commodities, DWAC’s strategy gives investors dynamic exposure to the commodity marketplace.”
Individual commodities often have unique market cycles, creating an environment where wide dispersions exist across the commodity complex. The tactical nature of DWAC offers investors exposure to the highest relative strength commodities (as evaluated on a monthly basis) as opposed to owning an entire universe of commodities. Additionally, investors will receive a 1099 tax form as opposed to the K-1 forms often associated with commodity ETFs.
Source: ETFWorld.com
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