This product is an actively managed macro ETF designed to pursue returns that differ from market cycles. Building on global equity exposure, it uses macro factors observed in stock, bond, currency, and commodity markets to target long-term capital growth.

In addition to traditional equity exposure, it incorporates diversification paths through multiple asset classes and long and short strategies, making it suitable for long-term investors who can understand its high strategic complexity.

It is an ETF run with an active management approach by Virtus AlphaSimplex.

This product is designed to use equity exposure together with tactical futures positions. It examines factors such as price trends, monetary policy, growth, investor sentiment, carry, and relative value, and reflects changes in stock, bond, currency, and commodity markets in the portfolio.

• A combination of global equity exposure and a systematic macro approach
• Use of long and short exposure across multiple asset classes

Assets under management (AUM) stand at $10.7M, and the total expense ratio is 0.86% per year.

Trading convenience can vary depending on market participation and timing, so it is important to check the order type and the bid-ask spread yourself.

Return patterns are influenced by global risk assets and changes in macro variables, and in periods when market direction is clear, the effect of systematic trend following can appear. By contrast, in periods when signals change frequently, adjustments to long and short positions can lead to performance volatility.

Demand for active alternative strategies can vary with the joint movement of stocks and bonds, the interest rate path, and moves in currencies and commodities. Because its role differs from that of a simple equity ETF, it is better to look at the diversification function you expect within your overall asset allocation, along with liquidity conditions, rather than focusing on fund flows.

Its strength is a systematic macro approach spanning global asset classes, but the complexity of its models and futures use, as well as trading conditions, are factors to watch.

The RSSB ETF shown in the table is a comparison point for asset allocation that combines stocks and bonds, while the GAL ETF is a type that uses global asset allocation. The DWAW ETF is a type focused on worldwide equity exposure, and the GAA ETF and GYLD ETF can be compared together in terms of diversification method and income orientation. The ASGM ETF plays a different role in that it adjusts long and short exposure through systematic macro signals and futures use, so it is necessary to compare expense levels, AUM size, distribution characteristics, and strategic complexity together.

Before adding this product to a portfolio, you should consider how global equity exposure and a futures-based macro strategy create a difference in role compared with your existing assets. Reviewing the distribution structure, trading conditions, and the possibility of shifts in risk signals together can help clarify the purpose of using the product.

Because this product is affected by global macro variables and futures market moves, its performance can fluctuate along a different path from traditional equity ETFs. Investors should consider that it may fail to respond immediately to markets where systematic signals shift abruptly, and that trading costs and liquidity conditions can affect results.

The ASGM ETF fits investors who want to use global equity exposure and a systematic macro strategy in a single product. When deciding whether to add it, it is appropriate to review the distribution characteristics, derivatives use, trading conditions, and role overlap with existing holdings together.