 The
LBAY ETF, or the Leatherback Long/Short Alternative Yield ETF, is an
exchange-traded fund that seeks to provide investors with exposure to
a diversified portfolio of long and short positions in US equity and
fixed-income securities. The fund uses a quantitative investment
approach to select securities based on various factors, including
value, momentum, and quality.
As of the most recent report, the
fund had total assets under management of approximately $20 million
and an expense ratio of 0.96%. The fund's top holdings included
companies such as Apple Inc., Microsoft Corporation, and Amazon.com
Inc., among others. The fund's portfolio is relatively diversified,
with positions in a variety of sectors, including information
technology, health care, and consumer discretionary.
In terms
of performance, the LBAY ETF has had mixed performance since its
inception in June 2021. As of the end of 2021, the fund had a
year-to-date return of approximately 2.2%, reflecting the volatility
in the US equity and fixed-income markets.
The LBAY ETF offers
investors exposure to a diversified portfolio of long and short
positions in US equity and fixed-income securities. The fund's
quantitative investment approach may be attractive to investors who
seek a systematic and disciplined approach to investing. However,
investors should be aware of the risks associated with investing in
alternative strategies, which may include higher fees, lower
liquidity, and greater volatility compared to traditional ETFs.
Additionally, the fund's short positions may increase its risk profile
and may result in losses if the market moves against the fund's
positions.
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