Daniel StrausHAP Seasonal Rotation ETFHAC.TOCOMMENTMay 26, 2016
This 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.
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.
Likes it. Seasonal is real for different asset classes. We're now in a strong US season, because of the midterm elections. natural gas and wheat have their own seasonality too. Most investors don't look at seasonality. HAC doesn't work all the time, but OVER time. A good addition to a portfolio. It has outperformed the TSX this year.
He's always interested in the Horizons newsletter, but he doesn't own any of their products. It involves seasonality and market timing. If you like this sort of thing, this ETF is fine. But for him, market timing is a bit like soothsaying.
Seasonal rotation ETF. It broadens the investor's horizons. It looks for historically seasonally demonstrated trends. It is worth while keeping if you don’t have anything else that looks at seasonal trends in your portfolio. It will work over time but not every time. Be disciplined and balance with the rest of your portfolio.
It has seasonal rotation in its name. Really likes it. It's highly active with high turnover of stocks opportunistically (sort of like a hedge fund manager). This is perfectly fine for aggressive investors who can stomach the ride (i.e. HAC can shift to cash for long periods).
(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.
Seasonal rotation ETF. It is an alternative asset class. The risk adjusted return of the portfolio can improve with bit of this one. You win rotational trades more often than not.
This is based on a seasonal strategy and is at an all-time high today. It is up more than 60% since he launched it in late 2009. It is outpacing most of the indexes.
Thinks there is a performance fee on the mutual fund. You have to pay a premium for an actively managed fund. 7 basis points is the basic fee before the bonus and not bad.
This 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.