Illinois-based ETF provider Elkhorn Capital will lose its last four ETFs due to the falling through of an expected acquisition by Turner Investments. Without an acquirer, Elkhorn’s investment advisory contracts have not been renewed by its board, leaving the ETF issuer unable to continue providing its four remaining ETFs to the market. Two of Elkhorn’s ETFs will be taken over while the other two will be liquidated.

Turner Investments has announced that it has reached a definitive agreement with Elkhorn Funds’ Board of Trustees to acquire Illinois-based ETF provider Elkhorn Capital. The acquisition, which is not conditioned on shareholder approval, is expected to close in the next few weeks.

Elkhorn Investments has launched the industry’s first US midcap sector-based ETFs on Bats ETF Marketplace. Each ETF tracks securities from the parent S&P MidCap 400 Index which have been classified according to their respective GICS sector. Referred to as the ‘sweet spot’ of investing, midcaps may provide the financial strength of comparable large caps with the growth potential of small caps. Graham Day, Head of Product and Research, at Elkhorn Investments, commented: “We are excited to bring to market what may be the last frontier of beta exposure to an important area of US equities.”

US-based investment company Elkhorn Investments has partnered with smart beta specialist Research Affiliates to launch the Elkhorn Fundamental Commodity Strategy ETF (Bats: RCOM). The Bats-listed ETF provides exposure to a broad basket of commodity futures weighted according to momentum and roll yield. Ben Fulton, Founder and CEO of Elkhorn, added: “Commodities are a forgotten asset class in today’s market. As a result, product innovation has lagged that of other asset classes for the better part of a decade. Together with Research Affiliates, we are excited to create a better way for investors to access the broader commodity market in an ETF.”

US-based investment firm Elkhorn Investments has unveiled the Elkhorn Commodity Rotation Strategy ETF (Nasdaq: DWAC), the first commodity exchange-traded fund to be based on a proprietary relative strength methodology developed by Dorsey, Wright & Associates (DWA). The ETF provides equal-weighted exposure to the five commodities (out of a potential universe of 21) which display the strongest relative momentum on a month-to-month basis. Tom Dorsey, Founder of DWA, said: “I have long been a believer in tactical opportunities within the commodity market. We have built commodity-based models for decades, yet this is the first ETF based on our commodity research.”

Elkhorn Capital Group, the research-based investment solutions provider, has launched a US equity income exchange-traded fund based on a strategy created by Research Affiliates, one of the pioneers of smart beta investing, and the methodology of index provider FTSE Russell. “We are excited to be partnering with leading global innovators like Research Affiliates and FTSE Russell,” said Ben Fulton, Founder and CEO of Elkhorn. “Income remains an important area of need for investors and Research Affiliates brings a new and thoughtful approach to high yield equity investing.”