ALFA
AlphaClone Alternative Alpha ETFALFA Fund Description
ALFA tracks an index that aims to deliver outperformance by mimicking hedge funds' positions in US equities. The index relies on lagged published holdings to determine long exposure.
ALFA Factset Analytics Insight
ALFA relies on publicly disclosed stock picks from hedge fund managers to select its stocks. It looks at the historical returns of various funds or institutional investors and draws its selection universe from the equities held by those funds that ALFA's proprietary methodology deems the best performing. The challenge with this approach is that fast-money hedge funds can change their positions on a dime, while ALFA looks at lagged, quarterly snapshots. The fund counters this problem with screens for sticky assets. While the fund equally weights holdings up to a cap of 5%, the result is a small basket of securities with potentially some major sector biases. Overall, ALFA provides some intensely concentrated exposure to a narrow set of companies. Prior to December 27, 2017 the underlying index was AlphaClone Hedge Fund Downside Hedged Index.
ALFA Summary Data
ALFA Portfolio Data
ALFA Index Data
ALFA Portfolio Management
ALFA Tax Exposures
ALFA Fund Structure
ALFA Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of ALFA. ALFA is rated a 5 out of 5.
ALFA Tradability
ALFA Sector/Industry Breakdown
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ALFA Top 10 Holdings[View All]
ALFA Countries
ALFA
ALFA Regions
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ALFA Economic Development
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ALFA Performance Statistics
ALFA Benchmark Comparison Summary
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ALFA Benchmark Comparison Market Cap Size
ALFA
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MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.