AlphaClone ETF CEO Defends His Company (GURU, ALFA)

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July 3, 2012 11:55am NYSE:ALFA NYSE:GURU

Last week CNBC’s Herb Greenberg unveiled a list of etfs he said are the weirdest out there. According to Herb the winner of the weirdest ETF was a tie of two recently launched ETFs: the Global X Top Guru Holdings Index ETF(NYSEArca:GURU), and the


AlphaClone Alternative Alpha ETF (NYSEARCA:ALFA).

The founder of one of those funds, the AlphaClone Alternative Alpha ETF, took issue with Herb and appeared on CNBC to tell herb why he’s wrong. See CEO Maz Jadallah, explain why his company’s clone funds often outperform the broader market in the CNBC segment below:


Related:

Global X Top Guru Holdings Index ETF (NYSEArca:GURU)

The Global X Top Guru Holdings Index ETF allows investors to tap into the combined expertise of the largest hedge fund managers. The goal of the Global X Top Guru Holdings Index ETF (GURU) is to aggregate on a quarterly basis the expertise and knowledge of hedge fund managers into the transparent, cost‐efficient and easily accessible format of an ETF—with no minimum investment, immediate liquidity and a 0.75% expense ratio. The Top Guru Holdings Indexuses a proprietary methodology to compile the highest conviction ideas from a select pool of hedge  funds where the 13F information is most valuable. Hedge funds with high turnover and non‐concentrated positions are eliminated from the pool. The Fund is designed to rebalance quarterly in accordance with the 13F reports to capture any significant position changes.

AlphaClone Alternative Alpha ETF (NYSEARCA:ALFA)

The AlphaClone Alternative Alpha ETF seeks to track the price and yield, before fees and expenses, of the AlphaClone Hedge Fund Long/Short Index. The AlphaClone Hedge Fund Long/Short Index tracks the performance of US-traded equity securities to which hedge funds and institutional investors have disclosed significant exposure. The proprietary index methodology developed by AlphaClone ranks hedge funds and institutional investors based on the efficacy of replicating their publicity disclosed positions. Equities are selected from those managers with the highest ranking, or “Clone Score”. The index is risk managed in that it can vary between being long only and market hedged based on certain rules-driven relative price targets tied to a broad market index.


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