Investing in some of the world’s top hedge funds may not be feasible for the majority of investors, yet that doesn’t mean they can’t participate in many of their best ideas.
The Direxion iBillionaire Index ETF (NYSE: IBLN) is one example of an ETF that seeks to harvest the top holdings from a select group of billionaire investors. These famed strategists are required to report their largest positions on SEC Form 13F filings -- publicly-available information from which an index can be constructed.
IBLN selects 30 large-cap stocks from a pool of up to 10 billionaires and equal weights them across its portfolio. According to the fund company's website, ...
/www.benzinga.com/general/biotech/15/05/5532607/billionaire-tracking-etf-just-bulked-up-on-health-care alt=Billionaire-Tracking ETF Just Bulked Up On Health Care>Full story available on Benzinga.com
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