Emles launches new active long / short ETF, “EOPS”
On June 10, 2021, Emles Advisors announced the launch of a new actively managed exchange-traded fund, the ETF Emles Alpha Opportunities (EOPS). The new fund, managed by Nathan Miller, former long / short equity portfolio manager at NGM Asset Management, Citadel Investment Group and RBC Capital, offers institutional investors access to a hedge fund strategy through an ETF structure.
EOPS is a long / short equity strategy that combines deep value investing and catalytic trading. Mr. Miller has implemented the underlying fund strategy for hedge funds and family offices for over 20 years. EOPS invests in value stocks of North American companies, focusing on “old economy” sectors such as industrials, consumer discretionary and materials. Although the assets are primarily deployed in equities, the fund has the ability to use options, indices and other transparent and liquid instruments to seek to generate alpha and mitigate risk.
“EOPS offers investors the opportunity to access a true long / short hedge fund strategy and its potential returns through the transparent liquid structure of an ETF,” said Nathan Miller, portfolio manager at Emles. “We find opportunities where we think the market is wrong about the outlook for companies, which allows us to ‘avoid the herd’ – we can go against the consensus either when investors seem too pessimistic about the situation. ‘a company and deflate its share price, or when euphoria sets in and pushes the price of a share too high.
The fund’s ability to take long and short positions allows for potential return and risk management on both sides of the equation. As such, EOPS seeks to be an efficient portfolio option for investors looking to improve their total return potential through market cycles and preserve capital in more difficult markets.
“Emles has already created differentiated index products that seek to meet today’s investment challenges,” said Gabriel Hammond, CEO of Emles. “With the launch of our actively managed Alpha Opportunities ETF, we are excited to expand our range of offerings and provide investors with an even more flexible approach to discovering and seizing performance opportunities. “
Today’s launch of EOPS joins the current list of Emles ETF offerings which include:
Emles Advisors is an asset manager dedicated to developing unique and differentiated investment strategies for retail investors, financial advisors and institutional clients. Founded by Gabriel Hammond and Dave Saxena, the Emles team combines their collective experience, ingenuity and thoughtful research to provide investors with creative solutions to meet today’s investment challenges.
For more information, visit www.emles.com.