FormulaFolios Smart Growth ETF (FFSG)
FormulaFolios Smart Growth ETF operates in the Asset Management industry of the Financial Services sector, headquartered in US. The stock last traded at $28.43, down 0.06% on the session, giving a market capitalisation of $41.6M. Its beta of 1.21 implies it has historically moved more than the broad market.
The FormulaFolios Smart Growth ETF aims to achieve its investment goals by investing in a portfolio of third-party exchange-traded funds (ETFs). Its primary focus is on growth-oriented equities of companies globally, regardless of their market capitalization, and also includes U.S. government bonds or other readily available cash. The fund employs a dynamic allocation strategy: When the adviser's analytical models indicate a positive outlook for the stock market, the ETF typically commits its entire portfolio (100%) to growth equity ETFs. Conversely, if the adviser's models forecast a market downturn, the allocation shifts to generally hold 50% in growth equity ETFs, with the other 50% invested in U.S. Treasuries or short-duration U.S. bonds to help reduce overall risk.
FormulaFolios Smart Growth ETF is most often compared with the following Financial Services names: