Portfolio Building Block Files Tactical ‘Go Anywhere’ ETF Managed by Fisher Investments

The Portfolio Building Block Tactical Multipurpose ETF will use a flexible "go anywhere" strategy across equities, fixed income, commodities, currencies, and derivatives. Managed by Fisher Investments, the actively-managed fund will use U.S. Treasuries, cash, and tactical long and short positions to respond to changing market conditions, with the ability to increase defensive allocations or take inverse exposure during periods of heightened risk. The nondiversified strategy may invest globally, including in emerging markets and high-yield debt, while using derivatives extensively to adjust market exposure and manage risk.