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Astor Asset Management launches two mutual funds

Knight Capital Group's Astor Asset Management subsidiary has launched the Active Income ETF Fund and the SP Growth ETF Fund.

The Astor Active Income ETF Fund takes a strategic approach to fixed income invest based on macroeconomic principles and yield curve analysis and seeks to provide investors with yield while protecting capital.

The Astor SP Growth ETF Fund follows an asset allocation approach based on macroeconomic fundamentals and seeks to provide a lower level of volatility over a complete market cycle.

Astor founder, senior managing director and head of global asset management at Knight Robert Stein said that they now have the ability to offer advisors and their clients access to three tactical asset allocation strategies that follow our macroeconomic investment philosophy.

"We believe that in today’s volatile markets there is a great deal of investor demand for a flexible, go-anywhere investment management approach to investing compared to the traditional ‘buy-and-hold’ funds," added Stein.