VanEck Renames LFEQ ETF to Highlight Fund’s Trend Following Strategy
VanEck Video Gaming and eSports ETF (ESPO)
Company Research
Source: Business Wire
As of March 2nd, the ETF will be known as the VanEck Vectors® Long/Flat Trend ETF to provide investors with a clear picture of the fund’s tactical strategy NEW YORK--(BUSINESS WIRE)--VanEck today announced that the VanEck Vectors® NDR CMG Long/Flat Allocation ETF (NYSE Arca: LFEQ®) (the “Fund”) has been renamed the VanEck Vectors® Long/Flat Trend ETF (NYSE Arca: LFEQ®).“We believe the new fund name better captures what the fund is designed to do,” said Ed Lopez, Head of ETF Product with VanEck. “LFEQ’s underlying index measures trends in the U.S. equity market, across multiple industry groups and over different time periods, to identify tactical opportunities for allocations between stocks and cash. Recent volatility in the market is a reminder of the elevated valuation risks investors face as stock prices charged higher even while earnings growth plateaued. LFEQ can be an effective risk management tool for investors, helping to minimize major drawdowns, while allowing for meaning
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