There is currently a short position in Currencies (-3.06%) as well. Those whom vet individual hedge fund strategies and managers are intimately familiar with the concept of “drawdown.”
QMN’s fund literature depicts how the index that QMN follows has performed since inception in a “maximum drawdown analysis,” and this data shows the index notably out-performing the drawdown in the SPX during the same time frame, which was the tumultuous 2008/2009 period.
Hedge fund “like” ETFs have been increasing in number over time, with a handful of other offerings that are also in the “Market Neutral” space such as BTAL (QuantShares U.S. Market Neutral Anti-Beta Fund, Expense Ratio 0.81%), SIZ (QuantShares U.S. Market Neutral Size Fund, Expense Ratio 0.81%), CSMN (Credit Suisse Market Neutral Equity ETN, Expense Ratio 1.05%), CHEP (QuantShares U.S. Market Neutral Value Fund, Expense Ratio 0.99%), and MOM (QuantShares U.S. Market Neutral Momentum Fund, Expense Ratio 0.81%). All of these funds remain rather small in terms of asset size and average daily volume traded but being a newer concept in the active/ETF space this has come to be expected.
IQ Hedge Market Neutral Tracker ETF
For more information on Street One ETF research and ETF trade execution/liquidity services, contact Paul Weisbruch at [email protected].
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