San Francisco-based iShares, the market leader with more than 185 U.S. listed ETFs, announced on Monday the launch of its latest product, the iShares Diversified Alternatives Trust. Unlike most iShares products that seek to track the performance of an underlying benchmark, the Diversified Alternatives Trust seeks to maximize absolute returns from investments with historically low correlations to traditional asset classes. The new product will trade on the NYSE Arca Exchange under the ticker ALT and charge an expense ratio of 0.95%. [click to continue…]
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