The rise of exchange traded funds (ETFs) was always sold on the idea they would help retail investors track indices or commodities on a low-fee, set-and-forget basis.
So much for that. Market leader ETF Securities this month launched its Ultra Short Nasdaq 100 Hedge Fund (SNAS) and Ultra Long Nasdaq 100 Hedge Fund.
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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
