New York-based investment advisor Noble-Impact Capital has made its ETF debut with the launch of an actively managed global equity fund that seeks positive returns in all market environments.

George Noble, Founder and Managing Director of Noble-Impact Capital.

The Noble Absolute Return ETF (NOPE US) has been listed on NYSE Arca with an expense ratio of 0.98%.

The fund is managed by Founder and Managing Director George Noble who brings more than 40 years of experience in asset management including a period as Head of Fidelity’s International Equity Group. Noble has also managed two separate hedge funds, each of which grew to more than $1 billion in assets.

The ETF invests in large and mid-cap stocks from developed and emerging markets globally, seeking to capture long and short opportunities across regions, sectors, and factors based on the stage of the market cycle.

The fund’s net exposure may fluctuate between 100% short and 150% long and is determined primarily based on the overall macro environment; the portfolio’s sector and factor exposures (both long and short) are determined based on the perceived stage of the business cycle; and individual security selection (both long and short) is driven by a bottom-up analysis of fundamental and technical metrics.

While the ETF is expected to invest primarily in equity securities, its prospectus notes that it may also hold investment-grade and high yield corporate bonds as well as convertible bonds.