PlanRock Alternative Growth ETF (PRAE)
PlanRock Alternative Growth ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Franklin, TN, US. The stock last traded at $41.39, up 0.49% on the session, giving a market capitalisation of $321.3M. Its beta of 0.92 implies it has historically moved less than the broad market.
This ETF endeavors to achieve capital growth by actively reallocating its investments across diverse segments of the global equity and growth markets, while deliberately sidestepping underperforming sectors. It aims to exhibit low correlation to the broader global stock markets, a characteristic enabled by its adaptable strategy of rotating between conventional and alternative growth assets, coupled with its capacity to take both long and short positions. The ultimate objective is to generate positive returns through all market cycles, whether bullish or bearish.
PlanRock Alternative Growth ETF is most often compared with the following Financial Services names: