The exchange-traded fund (ETF) aims to balance market participation with downside management through an options-based overlay.

Toews Asset Management announced that the Toews Agility Shares Hedged Risk ETF (HRSK) began trading on 15 June on the New York Stock Exchange. The ETF combines exposure to US large-cap equities with a dynamic hedging framework  The fund was launched with assets already in place through a Section 351 ETF Exchange, a structure that enables eligible investors to transfer appreciated holdings into the ETF without incurring immediate capital gains tax, while preserving their original cost ba