SignalPoint launches mutual fund

Springfield-based SignalPoint Asset Management LLC has launched its first open-ended mutual fund under the newly created SignalPoint Capital Management, an exchange-traded funds company.

The SignalPoint Global Alpha Fund got its start Nov. 5, according to a SignalPoint news release.

An open-ended mutual fund doesn't have restrictions on the number of shares the fund will issue, and the fund can buy back shares when investors wish to sell, according to Investopedia.com.

The fund is trading under symbols SPGAX, SPGCX and SPCFX.

Based on the risk assessment, the fund’s investment team can increase or decrease market exposure by adjusting cash allocations in an effort to receive the best returns.

“Typically, advisers take a ‘set it and forget it’ approach to exchange-traded fund portfolio management,” SignalPoint Capital CEO Michael Orzel said in the release. “This fund is designed to provide access to a dynamic ETF strategy that focuses on capturing gains and reducing downside risk in various market environments."

SignalPoint plans to distribute the fund alongside its existing separately managed account strategies through a variety of adviser channels.

“We will be partnering with [Nixa-based Multi-Funds LLC], utilizing its team of seasoned regional sales professionals to introduce advisers to SignalPoint, educate them on our process and provide ongoing support in the field,” said Anthony Carrubba, SignalPoint’s national sales director, in the release.

SignalPoint Capital Management operates at 400 South Ave., Ste. 300.