NEW YORK--(BUSINESS WIRE)--Syntax Advisors LLC (Syntax) announced today that it has hired Dr. Glenn S. Freed as Chief Investment Strategist and Portfolio Manager. Dr. Freed is a highly trained academic with extensive investment management experience in the financial services industry. At Syntax Dr. Freed is responsible for helping direct the research, design and implementation of Syntax’s investment strategies, and for providing oversight of the company’s marketing initiatives and interaction with clients.
Dr. Freed has over 30 years of work experience in asset management, wealth management, tax advising, tax and accounting research and education. Before joining Syntax, Dr. Freed held senior positions at several financial services companies, including: Chief Investment Officer at Lourd Murray; Chief Executive Officer and Chief Investment Officer at Vericimetry Advisors; and Vice President at Dimensional Fund Advisors. During his career Dr. Freed has delivered customized quantitative investment solutions to both financial advisors and institutional clients. Previously, Dr. Freed was Associate Dean of the Leventhal School of Accounting and Academic Director of the Master of Business Taxation Program at the University of Southern California. Dr. Freed received a BS from the University of Florida and a Ph.D. from USC. Dr. Freed is a licensed CPA in the State of Florida.
“What attracted me to Syntax was the innovative intellectual property built by Rory Riggs and his Syntax team. Syntax created a new classification system that lets us identify and map related business risk for use in portfolio management. Syntax believes that managing business risks should be an essential part of any investor’s risk strategy. This classification system is used to create a weighting methodology designed to maintain diversified exposures to related business risks,” said Dr. Freed.
Syntax Advisors LLC has launched two exchange-traded funds (ETF), the Syntax Stratified LargeCap ETF, on NYSE Arca Exchange (Ticker: SSPY) and the Syntax Stratified MidCap ETF, on NYSE Arca Exchange (Ticker: SMDY). Syntax’s Stratified LargeCap ETF seeks to track Syntax’s Stratified LargeCap Index (the Index), a Stratified Weight™ version of the S&P 500, calculated by S&P Dow Jones Indices and maintained by Syntax LLC, Syntax Advisors’ parent company.
The Syntax Stratified LargeCap ETF holds the exact same companies as the S&P 500, but weights those companies using Syntax’s patented Stratified Weight methodology, which diversifies the related business risks that frequently occur in major market indices like the S&P 500. The cap weighting used by these traditional indices causes large companies with related businesses to exert a disproportionate impact relative to the other types of businesses held by the index. The Syntax Stratified MidCap ETF holds the exact same companies as the S&P MidCap 400, but weights those companies using Syntax’s patented Stratified Weight methodology, which diversifies the related business risks that frequently occur in major market indices like the S&P MidCap 400. Related business risks are not based on companies’ capitalization or past performance, but rather, are based on each company’s current business functions and the functional economic relationships between them. The Index uses technology that makes it possible to control for risks shared by groups of related companies by 1) organizing companies that share related business risks into well-defined functional groups; and 2) weighting these groups to spread exposure across these underlying risks.
About Syntax Advisors, LLC
Syntax Advisors LLC provides investors with rules-based, diversified exposure to business risks via products that track Syntax Stratified Weight Indices. Syntax Indices are a new class of indices that reweight the most widely-used benchmarks, including the S&P 500, S&P 400, S&P 600 and MSCI EAFE using the Stratified-Weight methodology. Their objective is to deliver a diversified return across all the business opportunities in a benchmark rather than just the largest.
Before investing, consider the fund’s investment objectives, risks, charges and expenses. To obtain a prospectus which contains this and other information, please visit www.syntaxadvisors.com, call (866) 972-4492, or talk to your financial advisor. Read it carefully before investing.
The ETF is subject to certain other risks, including but not limited to, equity securities risk, large-capitalization risk, index tracking risk, passive strategy/index risk, and market trading risk. Investing involves risk, including possible loss of principal.
Past performance does not guarantee future results, which may vary.