Advisors and investors wanting to diversify their portfolios in the second half of 2025 shouldn’t overlook the Unlimited HFGM Global Macro ETF (HFGM). With its focus on macroeconomic trends, the strategy seeks to capitalize on mispricing opportunities globally. It also offers differentiated performance from traditional stocks and bonds.
In the wake of 2022 stock and bond correlations and significant drawdowns, many investors added or increased alternatives in their portfolios. These strategies often offer low correlations to both stocks and bonds, making them a notable addition to traditional portfolios. As alternatives continue to gain traction with investors in the challenging market environment of 2025, hedge fund strategies are worth consideration.
Global macro is one such hedge fund strategy that works to benefit from pricing opportunities worldwide. These opportunities aren’t constrained by geography or asset class. Instead, global macro managers try to capitalize on macroeconomic and political trends that affect currencies, stocks, bonds, commodities, exchange rates, and credit markets. It’s a strategy that may help reduce portfolio dependence on U.S. equity and bond performance in a challenging year.
Invest in Global Macro Through the Benefits of an 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. The strategy works to capture the alpha potential of global macro hedge funds with the tax efficiency and fee savings of an ETF wrapper. It has generated differentiated performance compared to U.S. stocks and bonds since its mid-April launch.
HFGM 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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