The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Hedge Fund Clone ETFs Are Killing It Not Rated 5.0 Email Routing List Email & Route  Print Print
Friday, August 16, 2013

Hedge Fund Clone ETFs Are Killing It

News summary by MFWire's editors

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.  

Edited by: Casey Quinlan

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use