Today, Thor Financial Technologies unveiled the THOR Index Rotation ETF (THIR ). It has a net expense ratio of 0.70%. The fund seeks to track the THOR SDQ Rotation Index.
Thor’s SDQ Rotation Index looks at the S&P 500, Dow Jones Industrial, and Nasdaq 100 indexes. This index provides exposure by investing in a small selection of ETFs, along with money market funds.
Rotating Index Exposure
Primarily, the THOR Rotation Index aims to focus on large-cap U.S. equities through staying engaged with the core indexes. This is paired with an index rotation strategy that could mitigate volatility by tilting away from index or representative ETFs that are currently trending poorly.
For the indexes, the price trends and volatility are measured through a historic lens over the last three to six months. Thor then uses a proprietary algorithm to examine the indexes to choose which options represent buying or selling opportunities.
During periods of serious market declines, the index can completely invest in U.S. money market funds, cash alternatives, or other ETFs. Cash alternatives can also be employed if multiple indexes are not representing strong buying opportunities.
This index is reconstituted and rebalanced on a weekly basis. In terms of tracking the THOR index, THIR uses a replication strategy.
THIR is not the first THOR ETF to be launched in the United States. The THOR Low Volatility ETF (THLV ) launched back in 2022, and also uses an index-based large-cap strategy.
So far, THLV has offered strong long-term results for its investors. As of Aug. 31, 2024, the fund’s NAV has risen 8.27% over the last six months. In terms of fund flows, THLV currently has about $80 million in net assets, gaining over $7 million in net flows over the past month alone.
For more news, information, and analysis, visit VettaFi | ETFDB.
