Elm Market Navigator ETF (ELM)

The Elm Market Navigator ETF (ELM) is an actively managed exchange-traded fund from Elm Wealth, an investment firm co-founded by Victor Haghani.

The fund invests in a globally diversified mix of asset classes, principally stocks and bonds, using low-cost index ETFs as building blocks. Its distinguishing feature is a dynamic allocation process that adjusts the portfolio's equity exposure based on estimates of expected returns, holding more stocks when expected equity returns look high relative to safer assets and less when they look low.

The fund trades on NYSE Arca.