Seeking Alpha takes a look at the performance of alternative strategy funds during Tuesday's wipe out:
Many funds have rolled out alternative mutual funds and ETFs recently, and it is instructive to examine how they have performed on Tuesday's big down day.
One in particular, the Claymore Sabrient Defender Index (DEF), was designed to "Defend" against down days. The specifics of the methodology are proprietary, but in general terms, the fund is rebalanced quarterly by looking back at the last quarter and seeing what did well on the down days. So how well did it play on D day?
Defense?
Seeking Alpha takes a look at the performance of alternative strategy funds during Tuesday's wipe out:
Many funds have rolled out alternative mutual funds and ETFs recently, and it is instructive to examine how they have performed on Tuesday's big down day.
One in particular, the Claymore Sabrient Defender Index (DEF), was designed to "Defend" against down days. The specifics of the methodology are proprietary, but in general terms, the fund is rebalanced quarterly by looking back at the last quarter and seeing what did well on the down days. So how well did it play on D day?
An awful -3.00%."
LINK