| Nervous about a tired bull market, rising bond yields and a potential Greek exit? Investors no longer have to search far or pay a steep hedge fund fee for peace of mind, according to Ethan Powell, chief product strategist for Highland Capital Management Fund Advisors.
He said his company's three new alternative exchange-traded funds "run anywhere between 50% net long to 75% net long so right off the bat you have muted exposure to the marketplace which is where you want to be in this type of uncertain market," said Powell. The three ETFs that replicate hedge fund strategies are: Highland HFR Global ETF (HHFR), Highland HFR Event Driven ETF (DRVN) and the Highland HFR Equity Hedge ETF (HHDG). All three new Highland ETFs carry fees of 0.85% per year...............................................Full Article: Source
|