QGTAIQ Leaders GTAA Tracker ETF
QGTA Fund Description
QGTA tracks an index of primarily ETFs from various asset classes. The index aims to emulate the averaged returns of 10 global tactical asset allocation mutual funds, selected by the index.
QGTA Factset Analytics Insight
QGTA, launched September 30, 2015 applies ETF hedge fund replication to the mutual fund space. It aims to deliver the returns of the best mutual funds that focus on global tactical asset allocation in an ETF wrapper. Why not just buy the mutual funds? The ETF wrapper offers a tax efficient, rules-based, diversified solution at a reasonable fee that can be bought 1 share at a time. Still, the complexity under the hood is formidable. The index must select which mutual funds are “best” and which ETFs to map them onto, and then apply complex math to get the weights. The resulting multi-asset basket is straightforward, at least to those familiar with ETFs, with concentrated stakes in popular bond, stock and convertible bond ETFs.Issuer Index IQ put ETF hedge fund replication on the map with its popular QAI ETF, and charges a reasonable fee given QGTA’s complexity. Trade the fund with care in early days and monitor AUM and trading volume to see if investors are buying in.
QGTA Charts And Performance
QGTA Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of QGTA. QGTA is rated a 4 out of 5.