Astor Asset Management is seeking to roll out two mutual funds, MutualFundWire reports. The new offerings, the Astor Active Income ETF Fund and the Astor Style Preferred Growth ETF Fund, are based on investment strategies Astor uses in its separately managed accounts. The Chicago-based firm also offers the Astor Long/Short ETF Fund, which was launched in October 2009 and has $39.8 million in assets under management (AUM). Astor Asset Management recently crossed $1 billion in AUM.
Click here for the story from MutualFundWire.