RiverNorth Market Neutral ETF (RNMN)

The RiverNorth Market Neutral ETF (RNMN) is an actively managed fund from RiverNorth Capital Management that seeks returns with low correlation to the direction of the broader stock market.

A market neutral strategy balances long positions in securities the manager favors against short positions in securities expected to underperform, so that overall market exposure stays close to zero and returns depend mainly on relative performance between the two sides.