MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, August 16, 2013 Hedge Fund Clone ETFs Are Killing It Gimmicky ETFs that attempt to mimic hedge fund managers' best stock picks, should be taken more seriously, Barrons' Brendan Conway writes. These ETFs are beating the S&P 500 and doing much better than hedge fund returns, with Global X [profile] Top Guru Holdings Index ETF rising 27 percent year to date, Conway reports. The fund "uses a proprietary methodology to compile the highest conviction ideas from a select pool of hedge funds…", Global X's website says. The ETF rose 163 percent of the S&P 500's good days and experiencing 76 percent of a loss on its down days, Conway writes. AlphaClone Alternative Alpha ETF is ahead 21 percent year to date and rose 116 percent of S&P 500's good days but fell 169 percent during its bad days, Conway explains. In contrast to the S&P 500's rise of 18 percent through Wednesday, HFRI Equity Hedge Total Index, a hedge fund benchmark, rose 7.68 percent through July, Conway reports. To read more, click here. Printed from: MFWire.com/story.asp?s=45562 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |