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HomeLife InsuranceInverse Cramer ETF (SJIM) to Guess Towards CNBC Host

Inverse Cramer ETF (SJIM) to Guess Towards CNBC Host


Traders desirous to wager in opposition to stock-picking tv character Jim Cramer might quickly have an outlet to take action.

Tuttle Capital Administration has disclosed plans for 2 exchange-traded funds based mostly on investments advisable by the host of “Mad Cash” on CNBC — one which bets in opposition to his picks and one other that seeks to trace them.

The Inverse Cramer ETF (SJIM) “seeks to offer investments outcomes which are roughly the other of, earlier than charges and bills, the outcomes of the investments advisable by tv character Jim Cramer,” in keeping with a preliminary prospectus dated Oct. 5.

The actively managed fund goals to attain its funding goal “by participating in transactions designed to carry out the other of the return of the investments advisable” by the CNBC host. Below regular circumstances, no less than 80% of fund holdings will likely be invested within the inverse of securities talked about by Cramer on Twitter or on his TV reveals, the prospectus says.

The Lengthy Cramer ETF (LJIM) seeks to offer funding outcomes that usually monitor, earlier than charges and bills, the outcomes of the securities that Cramer recommends.

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