iShares Launches Alternatives ETF
November 16, 2009 (PLANSPONSOR.com) – iShares has announced the start of trading of the iShares Diversified Alternatives Trust.
According to a press release, the objective of the Trust (ticker: ALT) is “to maximize absolute returns from its portfolio of exchange-traded futures contracts (that may involve commodities, currencies, interest rates and certain eligible stock or bond indices) and foreign currency forward contracts, while seeking to reduce the risks and volatility inherent in those investments by taking long and short positions in historically correlated assets.”
iShares notes that the Trust is not intended to track the performance of any index or benchmark.
More information is available at http://us.ishares.com/product_info/prospectus.htm