According to the US asset manager, the US Equity Rotation Strategy ETF is the second of two ETFs Huntington Strategy Shares has launched.
Previously, the company introduced Huntington EcoLogical Strategy ETF on 30 June 2012.
The company said that the latest ETF invests in companies that are organized in the US and included in the S&P Composite 1500, during the normal market condition.
Huntington Asset Advisors chief investment officer and president Randy Bateman said the firm has an established team of investment experts, who continually monitor the economy, in order to identify which sectors or segments are best positioned to do well in a given market cycle or economic environment.
"As a result, Huntington’s US Equity Rotation Strategy has the flexibility to take advantage of what we believe are the best opportunities in the domestic market today," Bateman added.
In order to receive a maximum return, the ETF will be invested in all 10 industry sectors within the S&P Composite 1500 including utilities, consumer staples, information technology, healthcare, financials, energy, consumer discretionary, materials, industrials, and telecommunication services.
The company has appointed Paul Koscik and Martina Cheung for the day-to-day management of the US Equity Rotation Strategy ETF.
Apart from managing the aforesaid two ETFs, Huntington Asset Advisors also advises 24 mutual funds that make up the Huntington Funds, including equity, fixed income, money market, asset allocation and specialty funds.
Huntington Bancshares is a $57bn regional bank holding company of the Huntington National Bank, which offers full-service commercial, small business, and consumer banking services; mortgage banking services; treasury management and foreign exchange services among others.
