ClearShares Launches the Ultra-Short Maturity ETF (NYSE:OPER) – A Fixed Income ETF Only a Year After Introducing its First ClearShares OCIO ETF
The OPER ETF seeks to fill the return void and provide an alternative to low-yielding money market and non-yielding cash positions through high quality fixed income securities
New York, NY. — July 20, 2018 — ClearShares LLC, a wholly owned subsidiary of Clearbrook, announced today the launch of ClearShares Ultra-Short Maturity ETF (NYSE: OPER). The Fund began trading on July 11, 2018 on the NYSE Arca with $10M in AUM.
ClearShares Ultra-Short Maturity ETF (the “Fund”) is an actively managed portfolio seeking current income by investing in repurchase “repos” agreements, collateralized by U.S. Treasuries and U.S. Government Securities. The level of return on the Fund will track prevailing short-term rates. As interest rates rise so could the return paid on the Fund.
“Clearbrook has been on the forefront of introducing innovative solutions to the marketplace that helps investors of all sizes to participate in order to help meet their investment goals,” said Elliott Wislar, CEO of Clearbrook. “The OPER ETF is suitable for all investors, particularly high-net-worth, small to mid-sized corporations and institutions seeking higher returns on their cash assets.”
“Since the ‘Great Recession’ of 2008, short-term fixed income and cash like funds have provided a nominal return – close to zero percent. The ClearShares Ultra-Short Maturity ETF seeks to fill the return void and provide an alternative to low-yielding money market and cash positions,” said Tom Deegan, Chief Operating Officer of Clearbrook. “Investors can purchase shares in the Fund with a minimum $100 investment.”
About ClearShares
ClearShares LLC is a wholly owned subsidiary of Clearbrook, an independent, privately held investment management and advisory firm. ClearShares provides transparent, actively managed, forward-looking investment solutions for all investors. ClearShares’ cost-effective, product-based approach emphasizes consistency, long-term return and risk mitigation. For more information, visit http://www.clear-shares.com/.