Nov
24
ETFs That Copy Hedge Funds Bear the Brunt of a Crowded Selloff
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ETF tracking top hedge fund stocks has lagged S&P 500 in 2015
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Large fund managers pared equity exposure in third quarter
Exchange-traded funds designed to mimic the strategies of hedge funds are mimicking their way into some serious losses of late.
Since the start of August, the Global X Guru Index ETF, which is tied to hedge funds’ top holdings using 13F filings, has slipped 9.5 percent, a casualty of popular trades that fell during this summer’s selloff and have so far failed to get back up. The Standard & Poor’s 500 Index has declined just 0.7 percent over the same period and recovered all of its 11 percent August correction…
ETFs That Copy Hedge Funds Bear the Brunt of a Crowded Selloff
