The exchange-traded fund (ETF) has been listed on NYSE Arca since 8 December and currently comes with a total expense ratio of 0.28%.
Simplify Asset Management (Simplify), an American registered investment adviser (RIA), has launched the Simplify US Equity PLUS Managed Futures Strategy ETF (CTAP). CTAP will offer 100% exposure to a systematic long or short managed futures strategy by Altis Partners The new fund will seek long-term capital appreciation by combining 100% exposure to large-cap US equities with 100% exposure to a systematic managed futures strategy. Further, the ETF is aimed at providing a capital-efficient m