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AlphaClone Alternative Alpha ETF granted 5-Star Morningstar rating


The AlphaClone Alternative Alpha ETF has received a 5-Star Overall Morningstar Rating. The ETF, the first of its kind to track hedge fund holdings, was rated against 25 large cap growth ETFs for its overall risk-adjusted performance.

Launched in May 2012, the fund gives investors a rules-based, efficient way to own equities that established hedge fund managers believe could outperform traditional market benchmarks. The fund tracks the AlphaClone Hedge Fund Long/Short Index, which utilises AlphaClone's innovative Clones Score methodology to continuously select which managers and holdings to include as index constituents. The index employs a rules-based hedge mechanism that allows the index to vary from being long only to market hedged.

ALFA is a new breed of automated, alpha-seeking strategies that look to combine the benefits of active management such as the potential to outperform traditional market benchmarks and the ability to vary market exposure with the benefits of passive, rules-based investing.

“ALFA’s 5-Star Morningstar RatingTM is a true testament to our research capabilities and investment methodology,” says Maz Jadallah, founder and CEO of AlphaClone. “The fund has over USD160 million in assets under management (as of 5/31/2015), which indicates investors' growing demand for alpha-seeking strategies that are rules-driven and offered inside the transparency and efficiency of ETFs.”

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