Tidal Financial Group launches senior secured corporate credit ETF

Chicago, Dec. 6 – Tidal Financial Group launched its first credit exchange-traded fund, according to a press release.

The new Senior Secured Credit Opportunities ETF will be listed on the New York Stock Exchange as “SECD.”

The fund is actively managed by Gateway Credit Partners, a value-based credit manager focused on capturing both fundamental and technical inefficiencies in the leveraged loan and high-yield bond market.

The fund seeks to generate consistent income and preserve capital by investing primarily in a combination of first-lien senior secured loans and secured bonds to businesses operating in North America.

Tim Gramatovich, founder of Gateway, said in the release, “We are thrilled to partner with Tidal on bringing this ETF to market. After almost 13 years of a 0% interest rate policy, fixed income investors have an environment where meaningful yields now exist.

“We believe SECD fills a much-needed gap in the actively managed corporate credit space particularly as it relates to the loan market. The loan market has been the purview of CLOs and index products with very little in the way of true fundamental credit work.”

Tidal has offices in New York, Chicago, Milwaukee and Detroit. Gateway is a corporate credit investor.

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