Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Tidal Ignites a New ETF Family Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, November 18, 2024

Tidal Ignites a New ETF Family

Reported by Neil Anderson, Managing Editor

The folks at an ETF-in-a-box shop are preparing to launch a fund-of-funds fund family, with a new brand.

Michael Jeremy Venuto
Tidal Investments
Co-Founder, CIO, Managing Member, Director
The FIRE ETFs family will launch tomorrow (Tuesday, November 19) with its first pair of funds, per a LinkedIn post today from the FIRE ETFs team. Those initial two FIRE ETFs, per FIRE's November 8 filing with the SEC, will be the FIRE Funds Income Target ETF (FIRI on the NYSE Arca, Inc.) and the FIRE Funds Wealth Builder ETF (FIRS). Milwaukee-based Tidal Investments LLC [profile] will serve as investment advisor to the new fund family.

FIRS will come with an expense ratio of 48 basis points, while FIRI will come with an expense ratio of 70bps. Those fees bake in a 19bps fee waiver promised through February 28, 2026.

FIRI and FIRS will both be actively managed, non-diversified funds-of-funds, mostly investing in other Tidal-powered ETFs. (Yet both FIRE ETFs will be able to invest in unaffiliated ETFs and ETPs, too.) Both new ETFs will be PMed by Michael Venuto, co-founder and chief investment officer of Tidal, and Daniel Weiskopf, portfolio manager.

The FIRE Funds name comes from the FIRE ("financial independence, retire early") movement, which promotes aggressive saving and investment to enable individuals to retire early. FIRS is designed for use in the "wealth accumulation (foundational)" phase, while FIRI is designed for use in the retirement (distribution) phase with the intent of generating 4 percent in annual income.

Both FIRI and FIRS will be series of Tidal Trust III. The planned ETFs' other service providers will include: ACA's Foreside Fund Services, LLC as distributor; Sullivan & Worcester LLP as counsel; Tait, Weller & Baker LLP as independent accounting firm; Tidal ETF Services, LLC as administrator; U.S. Bancorp Fund Services, LLC (dba U.S. Bank Global Fund Services) as fund accountant and transfer agent; and U.S. Bank National Association as custodian. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2025: Q3Q2Q1
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


    Sorry, no records in the database matched your search parameters. Clich back and try again.



  1. Nicsa webinar - New research by Alex Edmans and the Diversity Project - The Power of diverse thinking: How the best teams make decisions, July 1
  2. MFDF Director Discussion Series - Open Forum, July 9
  3. MFDF webinar - Mid-Year Tax Update for Registered Investment Companies, July 10
  4. MFDF Director Discussion Series - Open Forum (Philadelphia), July 15
  5. 2025 MMI Women in Advisory Solutions Forum, Jul 15-16
  6. Nicsa webinar - How Trusted GenAI is Transforming Data Access in Asset Management, July 16
  7. MFDF webinar - M&A and Consolidation in Asset Management, July 16
  8. MFDF webinar - ETF Conversions, July 17
  9. MFDF Director Discussion Series - Open Forum (New York), July 22
  10. MFDF Ask Anything webinar - AI Edition, July 24
  11. MFDF webinar - Use of Derivatives by RICs, July 29
  12. MFDF Director Discussion Series - Open Forum (Columbus, Ohio), August 20
  13. Samfund Soiree Boston 2025, August 21
  14. MFDF webinar - The Audit Committee Chair's Guide to Balancing Duties and Emerging Issues, September 3
  15. ICI ETF Conference, Sep 8-10
  16. Nicsa webinar - Reimagining Reconciliation: AI, Regulation, and Capital Markets Transformation, September 10
  17. MFDF webinar - Series Trust Funds - Compliance and Board Reporting, September 10
  18. MFDF In Focus - Board Oversight of DEI in Current Landscape, September 11
  19. MFDF webinar - MFDF 15(c) White Paper Webinar Series: Part 4 – Enforcement Action Takeaways, September 16
  20. MFDF webinar - Latest in Closed-End Funds Litigations, September 23
  21. MFDF webinar - Fixed Income Insights: Navigating Market Trends & Opportunities, September 24
  22. MFDF webinar - Risk Management Essentials for RICs and Boards, September 29
  23. MFDF webinar - Diligent - Tools for Fund Board Book, October 1
  24. 10th annual Fuse Forum, October 8
  25. MFDF webinar - Essential Strategies in Board Oversight of Operational Risk Management, October 14
  26. 2025 MMI Annual Conference, Oct 15-17




©All rights reserved to InvestmentWires, Inc. 1997-2025
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use