The concept of a "fund of funds" investment product has been around for some time. The most obvious example of this product is the target retirement date fund that almost every major investment management firm now offers. These funds have attracted billions of dollars in investment from individuals in all stages of saving looking for a simple one-stop choice for retirement saving.
That concept is just starting to take off in the ETF world, but it looks like an idea that is going to be gaining steam. At the end of February, Tuttle Tactical Management launched the Tuttle Tactical Management U.S. Core ETF (NASDAQ:TUTT) - an actively managed "ETF of ETFs" product that is designed to provide broad equity exposure across several asset classes, while striving to protect portfolio principal during economic downturns.
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