JERSEY CITY, N.J., Dec. 21, 2011 /PRNewswire/ -- Knight Capital Group, Inc. (NYSE Euronext: KCG) today announced that subsidiary Astor Asset Management launched the Astor Active Income ETF Fund and the Astor SP Growth ETF Fund. 

Astor specializes in constructing portfolios by investing in exchange-traded funds based on a macroeconomic approach and tactical asset allocation strategies. Astor's actively managed portfolio of ETFs are designed with the goal of protecting and growing capital over time at an attractive absolute compounded return, without the performance fees and lock-up periods of hedge funds. These portfolios of ETFs are offered through financial advisors within separately managed accounts and mutual funds.

The Astor Active Income ETF Fund (A Share:  AXAIX; C Share: CXAIX) takes a tactical approach to fixed income investing based upon macroeconomic principles and yield curve analysis and seeks to provide investors with yield while protecting capital. The Astor SP Growth ETF Fund (A Share: ASPGX; C Share: CSPGX) follows a tactical asset allocation approach based on macroeconomic fundamentals and seeks to provide a lower level of volatility than the broad equity markets over a complete market cycle. The firm launched the Astor Long/Short ETF Fund (A Share: ASTLX; C Share: ASTZX; I Share: ASTIX; R Share: ASTRX) in October 2009.

"We are very excited to round out our mutual fund lineup with the launch of two new funds," said Robert N. Stein, Astor's founder, Senior Managing Director and Head of Global Asset Management at Knight. "We now have the ability to offer advisors and their clients access to three tactical asset allocation strategies that follow our macroeconomic investment philosophy. We believe that in today's volatile markets there is a great deal of investor demand for a flexible, go-anywhere investment management approach to investing compared to the traditional 'buy-and-hold' funds."

For more information about Astor Asset Management, please visit www.astorllc.com or call 800-899-8230.

About Knight

Knight Capital Group (NYSE Euronext: KCG) is a global financial services firm that provides access to the capital markets across multiple asset classes to a broad network of clients, including buy- and sell-side firms and corporations. Knight is headquartered in Jersey City, N.J. with a global presence across the Americas, Europe, and the Asia Pacific region. For further information about Knight, please visit www.knight.com.

An investor should consider the Astor funds' investment objectives, risks, charges, and expenses carefully before investing. This and other information about the Astor funds are contained in the fund's prospectus, which can be obtained by calling (877) 380-0333. Please read the prospectus carefully before investing. The funds are distributed by Northern Lights Distributors, LLC, member FINRA.  Astor Asset Management LLC and Knight Capital Group, Inc. are not affiliated with Northern Lights Distributors, LLC. 
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Mutual funds involve risk including the possible loss of principal.  The Astor funds achieve their investment objectives by primarily investing in exchange-traded funds (ETFs). An ETF is a type of investment company whose investment objective is to achieve the same return as a particular market index. An ETF will invest in either all of the securities or a representative sample of the securities included in the index.  ETFs and underlying funds are subject to investment advisory and other expenses, which will be indirectly paid by the Astor funds. As a result, your cost of investing in the funds will be higher than the cost of investing directly in ETFs or underlying funds and may be higher than other mutual funds that invest directly in stocks, bond or other assets.  The Astor funds may purchase ETFs and underlying funds that invest in "alternative asset" or "specialty" market segments.  The risks and volatility of these investments are linked to narrow segments of the economy such as commodities, real estate, or currency exchange rates and may include leverage, which magnifies the changes in the value of the ETF or underlying fund. When the Astor funds invest in fixed-income ETFs or underlying funds the value of your investment in the funds will fluctuate with changes in interest rates.  Debt issuers may not make interest or principal payments, resulting in losses to the funds. In addition, the credit quality of securities held by an ETF or underlying fund may be lowered if an issuer's financial condition changes.  The Astor Long/Short ETF Fund engages in hedging or declining-market strategies by investing in inverse ETFs and underlying funds, which could result in significant losses. This fund will not participate in market gains to the extent it holds inverse securities.  The Astor SP Growth ETF Fund may invest in ETFs or underlying funds that invest in small and medium capitalization companies.  Securities of small and medium capitalization companies may be subject to more abrupt or erratic market movements than those of larger, more established companies or the market averages in general.

Certain statements contained herein may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not historical facts and are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond our control. Accordingly, readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict including, without limitation, risks related to the corporate restructuring in the third quarter 2011, including the ability to recognize anticipated cost savings, the possibility of unexpected costs or expenditures, and the impact of the restructuring on the Company's businesses and results of operations, risks associated with changes in market structure, legislative, regulatory and financial rules changes, risks associated with the Company's changes to its organizational structure and management and the costs, the integration, performance and operation of businesses recently acquired or developed organically, or that may be acquired or developed organically in the future. Readers should carefully review the risks and uncertainties disclosed in the Company's reports with the U.S. Securities and Exchange Commission (SEC), including, without limitation, those detailed under the headings "Certain Factors Affecting Results of Operations" and "Risk Factors" in the Company's Annual Report on Form 10-K for the year-ended December 31, 2010, and in other reports or documents the Company files with, or furnishes to, the SEC from time to time. This information should also be read in conjunction with the Company's Consolidated Financial Statements and the Notes thereto contained in the Company's Annual Report on Form 10-K for the year-ended December 31, 2010, and in other reports or documents the Company files with, or furnishes to, the SEC from time to time.

SOURCE Knight Capital Group, Inc.

Margaret Wyrwas, Senior Managing Director, Communications, Marketing & Investor Relations, +1-201-557-6954, mwyrwas@knight.com; or Kara Fitzsimmons, Managing Director, Media Relations, +1-201-356-1523, kfitzsimmons@knight.com; or Jonathan Mairs, Director, Corporate Communications, +1-201-356-1529, jmairs@knight.com