

Gadsden Dynamic Multi-Asset ETF is an actively managed fund focused on total return via tactical asset allocation with high turnover (661%). GDMA currently has 70% of its assets in ETFs holding or emulating short-term debt securities. GDMA delivers strong risk-adjusted performance compared to key competitors over the past six years.

GDMA has a very contemporary approach to allocating assets. Frankly, it is one very close to what I did as a manager for decades. However, the ETF's limited history has been long enough to create "reasonable doubt" about whether its managers can consistently protect capital. In 2020's flash decline, they didn't.

Meanwhile, several funds had changes to their indexes, names or expense ratios.

A reader asked for my thoughts on GDMA. GDMA is a multi-asset class actively-managed ETF.

This is a weekly series focused on analyzing the previous week’s economic data releases. The objective is to concentrate on leading indicators of economic activ
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