Toews Files Gold ETF With Tactical Downside-Risk Overlay

The Toews Agility Shares Gold ETF (GLDH) will combine gold exposure with tactical and options-based hedging designed to manage downside risk. The actively-managed fund will primarily use gold futures, gold index futures and Gold ETPs, with some exposure obtained through a Cayman Islands subsidiary capped at 25% of assets. The subsidiary may use futures and options for gold exposure, defensive positioning and hedging. Net gold exposure can be substantially reduced when the strategy turns defensive, while remaining assets are primarily held in cash and short-term Treasuries.