RQA News: TACK Fund Launch Anniversary
It is with great pleasure that we are able to celebrate the one-year anniversary of the launch of the Fairlead Tactical Sector ETF (NYSE:TACK), which is managed by our long-time research client, Katie Stockton of Fairlead Strategies. TACK was launched on March 22, 2023, and since inception it has performed as designed - outperforming the S&P 500 ETF Trust (NYSE:SPY) and its benchmark, the Morningstar Moderate Target Risk Index. TACK was able to navigate through a challenging environment in 2022 by rotating to risk off assets throughout its first year which exemplifies the benefits of the tactical approach.
Given TACK's ability to successfully navigate the markets over the past year coupled with a market demand for a tactical approach based on Fairlead’s technical toolkit, TACK has been one of the fastest growing new ETF's launched in 2022, surpassing $200 million in assets. Moreover, it gives us great pride to see such a successful first year for one of our research clients. We feel TACK's real-time performance stands as a testament to the data-driven technical and behavioral methods we at RQA advocate for and deploy.
“We are proud of TACK’s outperformance and growth, which we attribute to its dynamic approach to traditional sector rotation and buy-and-hold strategies,” said Katie Stockton, portfolio manager for TACK and founder of Fairlead Strategies. “We are grateful for the support of Richmond Quantitative Advisors, who we value for their quantitative expertise.”
Disclaimer: All information, analyses, and research contained herein is for informational purposes only and is not: i) for trading or investing purposes, or ii) a solicitation to offer investment advice or services. All opinions expressed are as of the date of publication and subject to change. RQA and its affiliates are not liable for the accuracy, usefulness or availability of any such information or liable for any trading or investing based on such information.