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In a bid to marry the benefits of hedge funds and exchange traded funds, Deutsche Bank has launched another so-called hedge fund ETF. The new product will invest in 17 hedge funds from 13 managers, including GLG, Marshall Wace, Duet, Pilgrim and BlackRock, reports the Financial Times.
The total expense ratio is 90 basis points, but investors will also have to pay 15 points for index fees and a 50-point risk...