Knight launches Astor Active Income ETF Fund, Astor SP Growth ETF Fund

By Tali David

Minneapolis, Dec. 21 - Knight Capital Group, Inc.'s subsidiary, Astor Asset Management, launched the Astor Active Income ETF Fund and the Astor SP Growth ETF Fund, according to a press release.

Knight said the Astor Active Income ETF takes a tactical approach to fixed-income investing based upon macroeconomic principles and yield curve analysis and seeks to provide investors with yield while protecting capital.

The Astor SP Growth ETF Fund follows a tactical asset allocation approach based on macroeconomic fundamentals and seeks to provide a lower level of volatility than the broad equity markets over a complete market cycle, the release said.

Both mutual funds invest in an actively managed portfolio of exchange-traded funds.

"We now have the ability to offer advisors and their clients access to three tactical asset allocation strategies that follow our macroeconomic investment philosophy," Astor's founder, senior managing director and head of global asset management at Knight Robert Stein said in the release. "We believe that in today's volatile markets there is a great deal of investor demand for a flexible, go-anywhere investment management approach to investing compared to the traditional 'buy-and-hold' funds."

Astor launched its other product, the Astor Long/Short ETF Fund in October 2009.

Knight is a Jersey City, N.J.-based financial services firm.

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