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Mark Kennedy

New Actively Managed ETF - PHDG

By December 8, 2012

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This week we saw a new actively managed ETF hot the market from PowerShares...

  • PHDG - PowerShares S&P 500 Downside Hedged Portfolio

The new ETF correlates with the S&P 500 Dynamic VEQTOR Index and according to PowerShares, the fund seeks to achieve positive total returns in rising or falling markets that are not directly correlated to broad equity or fixed-income market returns. The Fund seeks to achieve its investment objective by using a quantitative, rules-based strategy designed to provide returns.

The Index provides investors with broad equity market exposure with an implied volatility hedge by dynamically allocating between equity, volatility and cash. The index allows investors to receive exposure to the equity and volatility of the S&P 500 Index in a dynamic framework.

Some of the top holdings in the ETF include Apple, GE and Exxon as well as VIX futures to achieve it investing goals. You can get full details on the PHDG fact sheet. And as of Friday's close, the ETF was trading around $25.16

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