Unlimited has launched the Unlimited HFGM Global Macro ETF (HFGM), a new actively managed exchange-traded fund offering exposure to global macro hedge fund-style strategies in a tax-efficient and low-cost structure.
The fund capitalises on CEO and CIO Bob Elliott’s extensive experience as a systematic global macro portfolio manager by dynamically allocating capital long and short across a wide range of global markets opportunities in search of mis-pricing. The fund utilises liquid exchange-listed futures contracts, and a basket of ETFs based upon systematic signals. The positions are adjusted based on evolving market conditions with the goal of adding diversification benefits to investors’ portfolios.
HFGM seeks to capitalise on global market mis-pricing opportunities spanning currency, fixed income, equity, credit and exchange rate markets. Global macro managers have a long track record of generating consistent alpha with low correlation to the broader equity and fixed income markets. HFGM deploys Unlimited’s proprietary, data-driven technology to interpret the current positioning of global macro managers and replicate those positions in its own portfolio.
Unlimited’s ETF offering includes the Unlimited HFND Multi-Strategy Return Tracker ETF (HFND), which has a two-year track record of offering investors exposure to a broad set of hedge fund style strategies.
Hedge fund strategies overall have historically generated strong uncorrelated returns for investors, but high fees combined with inefficient tax structures have significantly eroded that performance.
HFGM offers a transparent, liquid, and cost-effective alternative to traditional hedge fund allocations, carrying a lower expense ratio than the standard “2 and 20” hedge fund fee model.
HFGM is the first of several new actively managed ETFs the firm plans to launch over the coming months. The suite includes two additional strategies that have been approved by the Securities and Exchange Commission with launch plans in the works for later this year, Unlimited HFMF Managed Futures ETF and Unlimited HFEQ Equity Long/Short ETF.
