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Opinions Larry Berman CFA, CMT, CTA
HAP Seasonal Rotation ETFHAC.TOWATCHMay 05, 2014
Larry Berman CFA, CMT, CTAStock price when the opinion was issued
As of Jun 12, 2026. Market Open.
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Great way to get exposure to broad array of asset classes. Different way to look at long/short positions. Critical to manage risks. Very complimentary addition to 60/40 portfolio.
Mike Philbrick
Daniel Straus(A Top Pick Mar 29/18, Up 7%) He uses this as an alternative allocation. It is hedge fund like without correlation to the other asset classes.
Daniel Straus(Top Pick Mar 29/17, Down 1.5%) The ETF trades very frequently. It is like a hedge fund. It gives you an absolute return that is different from your bond portfolio. 48% of assets are currently in cash. They do some ‘Sell in May and Go Away’ as in seasonal trading.
Daniel StrausThis is an active ETF. It trades frequently and the performance is quite hedge fund like. Kind of decoupled from the market in many ways, because they trade very frequently, goes to all cash sometimes, takes Short positions using index futures, and they go to all asset classes. He uses this in a more risk tolerant investor profile, but it is a small position only.
Seasonal rotational ETF. ‘Sell in May and go away’ rhymes. In actual fact the market high used to be in May, but is now more of a June peak. But we do know from history that from May to the fall, markets are flat. He thinks this ETF will beat the broader market during this time. But if the seasonals don’t play out that well you might not see it. He thinks, however, we will get a pullback. He thinks they will make tactical moves in the portfolio because of these moves that we should get better performance.