AGF US Market Neutral Anti-Beta CAD-Hedged ETFAGF US Market Neutral Anti-Beta CAD-Hedged ETFAGF US Market Neutral Anti-Beta CAD-Hedged ETF

AGF US Market Neutral Anti-Beta CAD-Hedged ETF

No trades
See on Supercharts

Key stats


Assets under management (AUM)
‪346.87 M‬CAD
Fund flows (1Y)
‪129.05 M‬CAD
Dividend yield (indicated)
Discount/Premium to NAV
0.06%
Shares outstanding
‪20.45 M‬
Expense ratio
2.70%

About AGF US Market Neutral Anti-Beta CAD-Hedged ETF


Brand
AGF
Home page
Inception date
Oct 7, 2019
Structure
Canadian Mutual Fund Trust (ON)
Index tracked
No Underlying Index
Management style
Active
Dividend treatment
Distributes
Income tax type
Capital Gains
Primary advisor
AGF Investments, Inc.
ISIN
CA00111C1095
The fund follows an index that invests in long low-beta stocks and short high-beta names. The underlying index targets the top 1,000 by market cap, including REITs, in the Dow Jones U.S. Index. The funds market neutral approach aims to fully offset nominal long and short positions. QBLT ranks stocks in each sector by beta and individual stocks get equal weight within their sectors. Overall, long low beta, short high beta might be expected to produce negative correlation to equities despite the equal dollar offsetting exposure. While QBLT uses swaps at times, it typically takes direct short positions in stocks, rather than relying solely on derivatives for short exposure. The fund therefore incurs short interest costs, something that purely swaps based long-short funds dont have to deal with. Also, the cost of a true market neutral exposure is something that investors should watch out for with borrowing costs and dividends working against the fund.

Broaden your horizons with more funds linked to QBTL via country, focus, and more.

Classification


Asset Class
Alternatives
Category
Hedge fund strategies
Focus
Long/short
Niche
Market neutral
Strategy
Active
Geography
U.S.
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
StocksBonds, Cash & Other
Cash
Government
Stocks70.40%
Finance8.81%
Technology Services7.30%
Health Technology2.91%
Retail Trade2.46%
Electronic Technology2.37%
Consumer Services2.08%
Consumer Non-Durables2.07%
Utilities1.86%
Process Industries1.84%
Commercial Services1.47%
Health Services1.27%
Transportation1.27%
Energy Minerals1.27%
Industrial Services1.26%
Consumer Durables1.05%
Communications0.84%
Distribution Services0.82%
Producer Manufacturing0.61%
Non-Energy Minerals0.21%
Bonds, Cash & Other29.60%
Cash72.76%
Government25.38%
Futures−3.47%
Miscellaneous−65.07%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
QBTL trades at 16.99 CAD today, its price has risen 0.77% in the past 24 hours. Track more dynamics on QBTL price chart.
QBTL net asset value is 16.99 today — it's fallen 1.77% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
QBTL assets under management is ‪346.87 M‬ CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
QBTL price has fallen by −3.11% over the last month, and its yearly performance shows a −18.79% decrease. See more dynamics on QBTL price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −1.77% over the last month, showed a −16.58% decrease in three-month performance and has decreased by −18.06% in a year.
QBTL fund flows account for ‪129.05 M‬ CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
QBTL invests in cash. See more details in our Analysis section.
QBTL expense ratio is 2.70%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, QBTL isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, QBTL technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating QBTL shows the sell signal. See more of QBTL technicals for a more comprehensive analysis.
QBTL trades at a premium (0.06%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
QBTL shares are issued by AGF Management Ltd.
QBTL follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Oct 7, 2019.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.