iShares Actively Managed ETF

Ticker (ALT). Sounds like a it's retail hedge fund. Probably a good fund to consider with no more than 5-10% of an IRA allocation, but I wouldn't make this a major holding.

Quote:

ALT is iShares' first actively managed ETF. The trust will attempt to profit from the mispricing of financial instruments, capturing spreads between assets and asset categories that deviate from the fair value of historical norms.

To accomplish its objective, the trust will seek to take advantage of interest rate and futures contract price differentials by simultaneously entering into long and short positions in various bond, commodity, currency and interest rate futures.

http://finance.yahoo.com/news/iShare....html?x=0&.v=1

Prospectus: http://us.ishares.com/content/stream...pplication/pdf