 The
Core Alternative ETF (CCOR) is an exchange-traded fund that invests in
various alternative asset classes, such as commodities, real estate,
infrastructure, and liquid alternatives. The fund aims to provide
investors with diversification and risk management benefits by
allocating across alternative asset classes that have low correlations
to traditional equity and fixed-income investments.
CCOR is
managed by IndexIQ, a New York-based asset manager that specializes in
developing and managing index-based alternative investment solutions.
The fund tracks the performance of the IQ Hedge Multi-Strategy Index,
which is designed to replicate the risk-adjusted return
characteristics of hedge funds using a rules-based, transparent
methodology.
As of March 2023, CCOR holds positions in 29
underlying ETFs, with the largest allocations in the IQ Merger
Arbitrage ETF, the iShares MSCI Global Gold Miners ETF, and the Global
X SuperDividend REIT ETF. The fund has an expense ratio of 0.75% and
is listed on the New York Stock Exchange.
Investing in CCOR may
be suitable for investors who are looking for exposure to a
diversified portfolio of alternative asset classes, which can help
mitigate portfolio risk and potentially enhance returns. However,
investors should be aware that alternative investments may be subject
to higher volatility and liquidity risks than traditional investments
and should carefully consider their investment objectives and risk
tolerance before investing.
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