ALFA - AlphaClone Alternative Alpha ETF Fact Sheet
ALFA Tracks This Index: AlphaClone Hedge Fund Long/Short Index
Description: The 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.
Description: The 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.
- Issuer: Exchange Traded Concepts
- Structure: ETF
- Expense Ratio: 0.95%
- ETFdb Category: Hedge Fund
- ETF Home Page: ALFA
- Inception: 2012-05-31
- Tax Form: 1099
Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.
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