Texas-Based RIA Pitches Options-Enhanced ETF

A registered investment advisor based in San Antonio, Texas, is pitching a new exchanged-traded fund that buys options on the Cboe Volatility Index to temper volatility. The Acruence Active Hedge U.S. Equity ETF will invest about 80% of its assets in the Standard & Poor’s 500 and the manager, Acruence Capital, will also buy VIX