Sharkey Howes Javer Initiates $8.38 Million Position in iShares International Country Rotation ETF

Sharkey Howes Javer has acquired 260,697 shares of the iShares International Country Rotation Active ETF (CORO), representing an estimated investment of $8.38 million. The position, disclosed in a recent SEC filing, accounts for approximately 1.13% of the firm's 13F assets under management. The investment highlights a growing preference for active management in international markets. By utilizing CORO, the firm is moving away from traditional passive exposure in favor of a strategy that dynamically rotates assets among various global equity markets based on macroeconomic signals. The CORO ETF has demonstrated strong momentum, posting total returns of approximately 31% for the year ending March 31. This performance outpaced both the S&P 500 and the MSCI ACWI ex-U.S. benchmark, which returned roughly 25% over the same period. The fund manages approximately $3.3 billion in assets with a net expense ratio of 0.55%. Its concentrated portfolio consists of about 30 holdings, with significant exposure to Japan, Canada, and the United Kingdom. Financials and technology sectors currently comprise more than 40% of the fund's total assets. This allocation suggests a tactical bet on increased dispersion across global equities. As U.S. markets face potential headwinds, the shift toward active international rotation indicates a belief that specific non-U.S. markets are poised for outperformance.