Monarch ProCap ETF (MPRO)
Monarch ProCap ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $32.55, up 0.08% on the session, giving a market capitalisation of $261.2M. Its beta of 0.87 implies it has historically moved less than the broad market.
MPRO is a fund-of-funds that invests in various asset classes with global exposure. The index includes equity, fixed income ETFs (90%) and alternatives (10%) through commodity and currency ETFs. Asset allocation is determined by the current phase of the economic cycle and its relative strength. Based on the determined allocation, the Adviser selects 6-9 ETFs for the fund portfolio. The equity ETFs are usually spread equally between five GICS sectors that have performed well previously during the given market cycle. While fixed income ETFs may have varying credit qualities and maturities. The allocation to either equities or fixed income will be no less 15% and no more than 75% of the portfolio. The Adviser also considers IPOs, M&As, bankruptcies, suspensions, de-listing, tender offers, and spin-offs in its fundamental and quant analysis. The index undergoes a monthly rebalance. Prior to March 4, 2024, the fund traded under the name Monarch ProCap ETF.
Monarch ProCap ETF is most often compared with the following Financial Services names: