MCROIQ Hedge Macro Tracker ETF
MCRO Fund Description
MCRO is an ETF-of-ETFs that tracks an index that follows a global macro strategy with exposure across asset classes and geographies.
MCRO Factset Analytics Insight
MCRO aims to emulate the returns of a combination of global-macro and emerging-markets hedge funds using a basket of ETFs. This fund of funds approach is common among global macro ETFs whose top-down or geographic selection finds targeted exposure in other ETFs. Macro hedge fund’s strategy typically involves top-down macro analysis to identify dislocations in equity, fixed-income, currency and commodity markets with large price movement expectation. Emerging-Market hedge funds typically invest in equities, debt issues and currencies of countries in emerging markets. MCRO tends to lean hard toward fixed income to keep volatility low. Note that the fund and the index does not include hedge funds as components.
MCRO MSCI ESG Analytics Insight
IQ Hedge Macro Tracker ETF has an MSCI ESG Fund Rating of BBB based on a score of 6.01 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. IQ Hedge Macro Tracker ETF ranks in the 41st percentile within its peer group and in the 34th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
MCRO Portfolio Management
MCRO Tax Exposures
MCRO Fund Structure
MCRO Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of MCRO. MCRO is rated a 1 out of 5.
MCRO Asset Allocation