Advisors and investors looking for opportunity beyond current bond allocations, or seeking to diversify in alternatives, would do well to consider the Unlimited HFGM Global Macro ETF (HFGM). The fund offers fixed income exposure alongside a variety of asset classes as it seeks to capture market mispricing opportunities.
Declining dollar strength, ballooning U.S. government debt, and economic policy uncertainty create a challenged outlook for U.S. assets, including bonds. As the global regime shift continues, global macro hedge funds could be well positioned to capitalize on alpha opportunities in price disconnects.
With low correlations to stocks and bonds, global macro strategies make an attractive alternative in uncertain times. These strategies seek to benefit from global pricing opportunities driven by macroeconomic and political trends. Global macro managers invest across fixed income, currencies, equities, commodities, and credit markets. Adding a strategy that invests globally may enhance diversification for those investors seeking opportunity beyond the U.S.
Diversify Your Bond Allocations With HFGM
The Unlimited HFGM Global Macro ETF (HFGM) seeks to harness global market mispricing. The fund takes long and short positions across equities, fixed income, currency, credit, and exchange rate markets. It makes a notable complement to fixed income portfolios, adding diversification and a more high octane approach to alternatives investing.
The strategy works to capture the alpha potential of global macro hedge funds with the tax efficiency and fee savings of an ETF wrapper. Since launch on April 14, 2025, HFGM is up over 15%, according to Y-charts data.
The fund uses a proprietary, data-driven approach that seeks to identify hedge fund global macro managers’ current positions. It then replicates the positions in its portfolio, investing in long and short positions in futures contracts and a basket of ETFs. The ETF offers similar returns to the hedge fund sector, with twice the volatility of the sector. The firm believes this approach may yield outperformance.
HFGM targets the global macro portion within the firm’s Unlimited HFND Multi-Strategy Return Tracker ETF (HFND). HFND captures a range of hedge fund strategies within a single fund. HFGM is managed by Bob Elliott, who brings more than two decades of systematic global macro investing experience to the table. The fund has a management fee of 1.00%.
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