Q: Can you help me on this: HHF, an horizon ETF, is billed as a replication of the "Morningstar broad "600 to 800" hedge funds index. When you look at the holdings, however, it's 52% SP 500 future, 18% 10-year japan bond, 10% 10-year canadian bond etc. How do this "capture" the performance of 500 hedge funds ?

Q: Hi, Is something like PMM or HHF (even if higher expense ratio) or other alternative EFT a viable substitute for Bonds as a portfolio diversifier? Thanks for the valued opinion.