Hungry Alpha Seekers Chomp Up ETFs

August 18, 2008

Sharp money managers love market volatility. While some investors get squeamish by daily, 200-point rises and drops in the market, alpha-seeking managers are using exchange-traded funds' long and short capabilities to garner hedge-fund like returns on any given day. And now, increasing numbers of sophisticated investors are flocking to these types of funds, particularly exchange-traded notes, with 57 new ETNs launched in the first half of the year, according to State Street Global Advisors' '2008 Mid-Year Exchange Traded Fund Report.'

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