QuantShares U.S. Market Neutral High Beta ETF (BTAH)
BTAH is defunct since November 2, 2012. Lack of investor interest
BTAH Description
The Fund seeks performance results that correspond to the price and yield performance, before fees and expenses of the Dow Jones U.S. Thematic Market Neutral High Beta Total Return Index. The target index, which is compiled by Dow Jones Indexes, is equal weighted, dollar neutral, sector neutral and is not levered. The index rebalances monthly by identifying the highest beta stocks as long positions and lowest beta stocks as short positions, of approximately equal dollar amounts, within each sector. The Fund provides investors with the means of earning the spread return between high and low beta stocks. High beta stocks are those that are more volatile than the market index, and low beta stocks are those stocks that are less volatile than the market index. Beta investing entails investing in securities that have above-average betas and shorting securities that have below-average betas. The performance of the Fund will depend on the differences in the rates of return between these long securities and short positions.
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Country: United States
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