NEW YORK, Sept. 27, 2017 (GLOBE NEWSWIRE) -- ClearShares LLC, a Clearbrook Company, announced today that ClearShares OCIO ETF (NYSE:OCIO) has reached a milestone of $100M in AUM, as of September 27, 2017. The ClearShares OCIO ETF (the “Fund”), which began trading on the NYSE on June 27, 2017, is an ETF of ETFs, offering access to an actively managed, diverse portfolio of passive index‐based ETFs and actively managed ETFs.
ClearShares OCIO ETF deploys an active management focused on tactical asset allocation by a team of experienced investment professionals with multi-asset class, multi-market cycle experience. The Fund seeks to outperform a traditional 60/40 mix of global equity and fixed-income investments.
“We have been very pleased with investor interest in the OCIO ETF,” said Elliott Wislar, CEO of Clearbrook. “This client-driven solution is an example of Clearbrook’s Applied Innovation. We build answers to client investment needs that seek to exceed their investment goals and objectives.”
Tom Deegan, Chief Operating Office of Clearbrook, added, “We launched the Fund as a solution to our clients’ demand for a cost-effective1* alternative to the traditional OCIO (Outsourced Chief Investment Officer) model with an ETF structure and the feedback has been very positive.”
On August 30, Messrs. Wislar and Deegan rang the NYSE Closing Bell® to mark the launch of ClearShares OCIO ETF.
About ClearShares
ClearShares LLC is a Clearbrook company, an independent, privately held registered advisory firm. The Fund is an innovative investment solution integrating the expertise of the Outsourced Chief Investment Officer (OCIO) with the cost advantages of an Exchange Traded Fund (ETF). For more information, visit http://www.clear-shares.com/.
1 Gross expense ratio: 0.87%, Net expense ratio: 0.67*, the net expense ratio is applicable to investors. * Contractual fee waivers through 5/31/18
About Clearbrook
Clearbrook, through its registered subsidiaries, provides comprehensive, objective investment advice and solutions to institutional investors worldwide, across all asset classes, for both discretionary and non-discretionary mandates. Our business model is founded in independent thinking, disciplined research and analysis, and vision tempered with experience. Our culture is client driven, focusing on customized investment solutions for each client’s unique objectives and needs. We bring actionable insights to every meeting, beginning with our first presentation. For more information, please visit www.clearbrookglobal.com.
Press Contact:
Rosalia Scampoli
LJOPR
212-404-2395
rscampoli@ljopr.com
The ETFs investment objectives, risks, charges and expenses must be considered carefully before investing. The ClearShares prospectus and summary prospectus contains this and other important information about the investment company, and it may be obtained by calling 212.359.0290, or visiting www.clear-shares.com. Please read the prospectus carefully before you invest or send money.
Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV) and may trade at a discount or premium to NAV. Shares are not individually redeemable from the Fund and may be only be acquired or redeemed from the fund in creation units. Brokerage commissions will reduce returns. Additional risks include, but are not limited to investments in debt securities including high yield and mortgage and asset backed securities, foreign and emerging markets securities, REITs, MLPs, small- and mid-cap securities, and investment in other ETFs. The fund invests in other investment companies and bears its proportionate share of fees and expenses and underlying risks of other investment companies. Please refer to the prospectus for additional risks of investing in the fund.
ClearShares LLC is the investment advisor to ClearShares OCIO ETF which are distributed by Quasar Distributors, LLC.
Diversification does not assure a profit, nor does it protect against a loss in a declining market.