FORU ETF launches with market-driven signals and waived fees until July 2025, Tidal as sub-advisor
LongPoint Asset Management Inc. announced the listing of its new US equity asset allocation strategy ETF, the ForAll Core & More US Equity Index ETF (FORU), on Cboe Canada.
This ETF is structured to adjust according to market conditions through a signal-based methodology, offering investors a unique option compared to traditional US equity index ETFs.
FORU represents the first ETF launched by LongPoint, which recently entered the Canadian ETF market with a team carrying over 50 years of experience in developing specialized Canadian ETFs.
According to Steve Hawkins, CEO of LongPoint, their ETF partnership program is structured in line with Canadian securities law to support clients in launching, operating, and expanding bespoke Canadian ETFs.
He stated that this initiative opens doors for firms to introduce unique investment strategies in the Canadian ETF market.
The FORU ETF offers a distinctive mandate by providing equity and equity-like exposure while adapting to different market signals.
“We anticipate that FORU will serve as an effective portfolio solution for investors seeking an opportunity to outperform traditional broad-based US equity index ETFs,” Hawkins commented.
Additionally, fees payable to the Manager are waived until July 31, 2025, and are not charged during months when the ETF's return is negative.
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.
