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Fri, Oct. 10, 1:38 PM
- The ProShares Morningstar Alternatives Solution ETF (NYSEARCA:ALTS), the first ETF based on a Morningstar (NASDAQ:MORN) index comprising a broad range of alternative strategies, began trading yesterday.
- The index selects the underlying ProShares ETF holdings for the fund based on the improvement in portfolio risk/return characteristics each underlying ETF provides to a traditional stock and bond portfolio.
- “Creating an index that provides diversified exposure to alternative strategies aligns with Morningstar’s goal of helping investors achieve better outcomes,” said Sanjay Arya, head of Morningstar Indexes, in a press release.
- Other alternative strategy ETFs: QAI, MCRO, HDG, QEH, MULT
Wed, Aug. 13, 1:34 PM
- The First Trust Strategic Income ETF (Pending:FDIV) is an actively managed, multi-manager fund that will seek risk adjusted income and capital appreciation for its investors.
- First Trust Global Portfolios Ltd; Energy Income Partners, LLC; Stonebridge Advisors LLC; and Richard Bernstein Advisors are the four subadvisors that will together manage FDIV.
- According to the prospectus, the fund will include high-yield corporate bonds and senior floating-rate loans; mortgage-related investments; preferred securities; international sovereign bonds; energy infrastructure equities; and high-dividend equity securities.
- Other broad hedge fund replication ETFs: QAI, MCRO, HDG, QEH, MULT
Tue, Jul. 8, 2:02 PM
- The AdvisorShares Sunrise Global Multi-Strategy ETF (MULT) will roll out on July 9th, featuring an active long/short strategy.
- MULT will have an expense ratio of 189 basis points and feature coverage of a variety of asset classes through ETFs, futures, foreign currencies, and U.S. Treasurys.
- The fund structure is similar to the IQ Hedge Multi-Strategy Tracker ETF (QAI), a veteran multi-strategy fund which features an expense ratio of 94 basis points and has returned 3.5% since the start of the year.
- Other hedge fund replication ETFs: MCRO, HDG, QEH
Tue, Mar. 11, 12:54 PM
- The First Trust RBA Quality Income ETF (QINC) and RBA American Industrial Renaissance ETF (AIRR) will track their respective Richard Bernstein Advisors indexes; QINC will focus on total return through global firms with strong dividends and capital appreciation potential, while AIRR will invest in both small and mid-cap domestic firms in the industrial and community banking sectors.
- High dividend ETFs and capital strength ETFs: VYM, HDV, KBWD, PEY, DIV, RDIV, FTCS
- Regional banking ETFs: KRE, KBE, IAT, RKH, QABA, KRU, KBWR, KRS
- The Global X Guru Small Cap Index ETF (GURX) and Guru International Index ETF (GURI) are hoping to capitalize on the success of GURU by offering exposure to small-cap and international (respectively) stocks that large hedge fund managers hold.
- Broad hedge fund replication ETFs: QAI, MCRO, HDG, QEH
Mon, Mar. 10, 10:07 AM
- To those who remember the risk on/risk off days of 2011 when the entire universe of assets seemingly moved together based on the utterings of some politician here or across the pond, today is quite a different matter. The instances of days in which more than 90% of S&P 500 stocks move together have all but vanished late last year and this year.
- The 65-day average correlation of stocks fell to 0.52% in January vs. an average of 0.63% between 2009 and 2013 (it rose as high as 0.84% late in 2011).
- Investors have responded by moving money into so-called actively managed strategies, with those funds seeing inflows of $1.3B this year on top of $9.8B in 2013. It's a small amount, but contrasts with $360B pulled out of such funds between 2009-2012.
- Related ETFs: GURU, ALFA, CSM, QAI, ONN, OFF, BTAL, MCRO, CHEP, RALS, HDG, QEH, AGLS, CSLS, SIZ, QMN, CSMN
MCRO vs. ETF Alternatives
The IQ Hedge Macro Tracker ETF seeks to track, before fees and expenses, the performance of the IQ Hedge Macro Index. The Index attempts to replicate the risk-adjusted return characteristics of a combination of hedge funds pursuing a macro strategy and hedge funds pursuing an emerging markets strategy.
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