The ForAll Core and More US Equity Index, which FORU tracks, was designed by ForAll Investment Research with a focus on US equities. According to Reid Baker, CEO of ForAll Investment Research, the index incorporates technology-focused US equity exposure and is fossil fuel free.
It also uses volatility and trend signals to moderate leverage, rotating to defensive positions as needed. “This approach allows the ETF tracking the Index to preserve capital,” Baker said.
LongPoint also confirmed that US-based Tidal Financial Group will serve as sub-advisor to FORU, marking Tidal’s debut in the Canadian market. Recognized in the US as “The ETF Masters,” Tidal will contribute its expertise in trading execution as part of the sub-advisory role, according to Hawkins.
Gui Trias, CEO of Tidal Financial Group, expressed enthusiasm about the partnership with LongPoint, noting that the sub-advisory role provides an opportunity to share Tidal’s ETF solutions with Canadian investors.
FORU has completed its initial unit offering and will begin trading under the ticker FORU on Cboe Canada as of this morning.
