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The Hedge Fund Industry's 25 Favorite ETFs

Tyler Durden's picture




 

Exchange Traded Funds are becoming an important market for hedge funds as BofAML notes, they have shifted their profiles from shorting single stocks to more actively using ETFs as a hedge. On aggregate, BofAML reports that hedge funds owned $36.9bn worth of ETFs at the beginning of 3Q 2014, up notably from $33.8bn in the previous quarter, and these are the top 25 by market value.

Notably, hedge funds bought Agricultural business (MOO) along with Emerging Markets (EEM, VWO), while selling gold (GDX and GLD) and Italy index (EWI).

 

Our universe consists of 758 ETFs listed in the US with market caps of at least $100mn as of June 30, 2014.

Source: BofAML

 

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Tue, 10/21/2014 - 22:21 | 5361957 Kirk2NCC1701
Kirk2NCC1701's picture

There be no Gold in them Gold ETFs

Wed, 10/22/2014 - 00:38 | 5362288 bobnoxy
bobnoxy's picture

Geez, 7 comments in and no one said ''gold, bitchez'' yet?

Wed, 10/22/2014 - 08:20 | 5362715 Stoploss
Stoploss's picture

Gold Bitchezzzz!!!

Wed, 10/22/2014 - 01:56 | 5362370 CASTBOUND
CASTBOUND's picture

my neighbor's half-sister makes $71 hourly on the laptop . She has been fired from work for 9 months but last month her paycheck was $17975 just working on the laptop for a few hours. look at this site... www.job-reports.com

Tue, 10/21/2014 - 23:16 | 5362090 Atomizer
Atomizer's picture

Owning ETF Stock equates to hitting the Mega millions jackpot. 

Tue, 10/21/2014 - 23:17 | 5362095 the grateful un...
the grateful unemployed's picture

isn't this like asking the guy on death row what he thinks about the death penalty?

Tue, 10/21/2014 - 23:23 | 5362111 Atomizer
Atomizer's picture

Dear banking industry, 

We plan on tearing you down limb, by limb. Then we'll hang you on a NIRP festival occasion. Washington DC may declare it a new Government Holiday. 

Wed, 10/22/2014 - 02:28 | 5362410 devo
devo's picture

Yeah right. You're going to whine on ZH and then do nothing (except maybe jerk off to porn and go to bed).

Tue, 10/21/2014 - 23:32 | 5362134 brainlpb
brainlpb's picture

The real action is in the ETF options of course.

Tue, 10/21/2014 - 23:45 | 5362169 DipshitMiddleCl...
DipshitMiddleClassWhiteKid's picture

ETFS let mom and pop get exposure to ANYTHING..from natural gas to credit default swaps

 

they weren't intended for that though...

 

~DipshitMIddleClassWhiteKid

Wed, 10/22/2014 - 09:37 | 5362946 Againstthelie
Againstthelie's picture

The sellside hates it when average Joe buys low cost ETFs. Index funds outperform 90% of professional fund managers.

Sellside needs people to believe they can pick tomorrs stock winner.

Therefore ETFs are not promoted to average Joe. It's low cost, excellent market coverage, no need to follow twenty companies filings and throuroughly study balance sheets.

Sellside loves to sell single shares to people who do not their homework and who cannot read balance sheets.

 

 

Wed, 10/22/2014 - 09:39 | 5362958 Againstthelie
Againstthelie's picture

SPY missing? Can hardly believe that.

Also the huge weighting of emergin markets and agro seems quite strange.

Therefore a question: How was exposure quantified? Is being short an ETF marked with the invested capital?

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