Q: Can you please give your input regarding new MIX ETF from Hamilton.
Thanks for the great service
Thanks for the great service
5i Research Answer:
MIX does not launch until Monday. It is 25% leveraged, with a mix of US stocks (60%), US treasuries (20%) and gold (20%). It is rebalanced if these weights shift by 2% or more. Historically, the gold and treasuries should result in lower overall volatility. Thus, the leverage may not be as 'dangerous' as other leveraged products. We think it will be fairly popular. It is a simple, all-in-one portfolio. We have no issues with the strategy, but of course would prefer to see some real-life performance numbers here and to make sure it grows in size enough so that there is enough liquidity for investor. But overall we would lean towards a positive opinion.