Friday, May 3, 2013

Hedge funds' 10 most popular ETFs


According to Marketwatch gurus: 1. SPDR Gold Trust ETF:  It's no surprise that the SPDR Gold ETF is numero uno, as 67 of the 450 hedge funds we track were long at the end of the last 13F filing period, the fourth quarter of 2012. While overall fund interest shrank from 76 one quarter earlier, some of the top hedge funds invested were John Paulson's Paulson & Co, Jean-Marie Eveillard's First Eagle Investment Management, and Michael A. Price & Amos Meron's Empyrean Capital Partners. To the dismay of this group, the SPDR Gold Trust's year-to-date return sits at around -12%.

2. Financial Select Sector SPDR:  There was a large disparity between hedgies' favorite ETF, and their second favorite. Twenty-seven of the funds we track are bullish on Financial Select, up slightly from 26 in the third quarter, and this increase in interest has been met with solid appreciation. The ETF is up nearly 14% since the start of 2013, rewarding Jim Simons's Renaissance Technologies, Louis Bacon's Moore Global, Paul Tudor Jones's Tudor Investment Corp, among others.

3. iShares MSCI Emerging Markets Indx:……..

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