The NYSE invited Fairlead Strategies and Cary Street Partners to ring the closing bell in recognition of their successful launch of Fairlead Tactical Sector ETF. Some of those in attendance were Katie Stockton, TACK’s Portfolio Manager, and from Cary Street Partners: President Walter Bayne, CIO Tom Herrick, and Financial Advisors Chris Walters (Abingdon/Wytheville office), Andre Pineda, Doug Stewart, and Dan Clendenin (Fredricksburg office).
The Fairlead Tactical Sector ETF (TACK) is a model-driven exchange-traded fund utilizing a disciplined methodology designed to navigate all market environments. The basis of the model is technical analysis, with an emphasis on indicators designed to identify long-term trends and major reversals. The primary goal of TACK is to leverage sector leadership while navigating equity market downdrafts through asset allocation. Opportunities are identified using signals from a combination of technical indicators designed to identify price trends, after which a quantitative momentum overlay is applied to finalize the portfolio.
TACK was one of 405 ETF launches in 2022, and at year-end, it stood 27th in terms of assets under management at $191.3 million.1