Astor launches ETF mutual fund

The Astor Long/Short ETF fund is designed to perform in any type of economic environment by implementing long, short or defensive positions according to the market. It utilises long equity ETF positions in diversified non-correlating market environments, and adopts defensive positioning through economic contractions, by overweighting cash and fixed income or using ETFs with inverse exposure. However, Astor highlights short selling securities is not part of the fund's investment objectives. Astor Financial CEO Robert Stein says offering a mutual fund allows Astor to provide its serv...