OAKS, PA — SEI® (NASDAQ: SEIC) announced that Symmetry Partners has launched its first exchange-traded fund, the Symmetry Panoramic Sector Momentum ETF (NASDAQ: SMOM), on Sept. 10, 2025, using SEI’s Advisors’ Inner Circle Fund® (AIC) platform. The move expands the firms’ partnership, which began in 2018 with SEI servicing eight of Symmetry’s mutual funds.
The actively managed ETF is based on a separately managed account strategy that Symmetry introduced in 2018. The fund employs a systematic, rules-based approach to track sector momentum across the S&P 500’s 11 sectors. Using dual signals from trailing six- and 12-month price momentum, the ETF will hold between three and six sectors at a time, depending on the data.
“Investor demand for transparency, liquidity, and tax efficiency continues to grow, and we recognized the need to evolve to meet that demand,” said David Connelley, CEO of Symmetry Partners. “Transitioning to an ETF format allows us to deliver strategies like sector momentum in a more accessible and scalable way. SEI’s expertise and infrastructure gave us the confidence to bring our first ETF to market efficiently and effectively.”
The launch comes amid a record-setting year for ETFs. As of June 30, 2025, 1,308 ETFs had launched worldwide, a nearly 20% increase from the same period in 2024, according to ETFGI. SEI has supported the launch of 32 ETFs this year alone.
Mike Beattie, Managing Director of SEI’s Investment Manager Services business and President of the AIC, highlighted the growing importance of ETFs in active management. “Asset managers are increasingly recognizing the advantages of ETFs, especially for active strategies,” Beattie said. “Symmetry’s decision to launch through the AIC reflects their confidence in SEI’s platform. We’re proud to support their next phase of growth.”
The AIC reached $100 billion in net assets in 2024 and now supports 45 clients and 127 funds. SEI pioneered the series trust concept more than 30 years ago with the launch of the AIC, enabling asset managers to launch and grow funds without building their own infrastructure. Today, the platform supports mutual funds, ETFs, interval funds, and tender offer funds, offering a cost-effective alternative for managers seeking scale.
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