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Additionally, underlying investments may include international and domestic debt, commodities, foreign currencies, hedging strategies, other alternative asset classes, and domestic and international equities. The fund is basically free to invest in anything and everything.
However, through their proprietary models, the advisors will assess factors and conditions that affect the potential risk-adjusted return of the investment opportunities and only allocate toward investments with higher expected risk-adjusted returns.
WBI Investments first made a name for itself in the ETF business after launching 10 actively managed ETFs and rapidly accumulated $1 billion in assets under management.