Toews Asset Management is set to expand its managed-risk lineup with the launch of the Toews Agility Shares Hedged Risk ETF (NYSE:HRSK), a new strategy combining U.S. large-cap equity exposure with a dynamic hedging overlay.

Scheduled to debut on June 15, the ETF aims to deliver long-term capital growth and income while mitigating downside risk—an increasingly relevant proposition as equity valuations remain elevated.

A key differentiator is HRSK's use of a Section 351 ETF exchange, a tax-aware seeding mechanism that allows eligible investors to transfer appreciated assets into the fund without triggering immediate capital gains taxes.

The firm says this approach removes a major barrier for advisors looking to reposition concentrated portfolios into hedged strategies.

HRSK: Key Features

  • Dual-action strategy: Combines exposure to U.S. large-cap equities (including S&P 500 components) with a responsive hedging framework
  • Dynamic risk management: Hedge intensity is designed to increase as markets decline
  • Tax-efficient entry: Section 351 exchange enables tax-deferred transition of appreciated assets
  • Uncapped upside potential: Allows participation in equity market gains without performance caps
  • Retirement-focused appeal: Positioned for risk-averse investors seeking growth and income with downside protection

CEO Phillip Toews emphasized the product's behavioral finance roots, noting that the ETF is designed to help investors stay invested through volatility, while President Eben Burr highlighted its ability to provide immediate scale alongside tax efficiency.

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