Earlier this year while looking into Northern Lights US funds business I could not work out how to invest in AlphaShares LLC using their website. I have since reviewed in a bit more detail after receiving some feedback on the spreadsheet sent around. I have primarily used LinkedIn, my current online broking provider (nabtrade), NASDAQ and google searches.
Note: The following information is not necessarily correct; PAC would need to advise of the accuracy.
AlphaShares LLC appears to be a business where the directors have set up a series of ETF's that are listed on the NYSE, these are managed by Guggenheim now and the directors have moved on to set up other companies and other ETF’s. Have provided LinkedIn profiles below.
Following is an edited snippet from a profile on LinkedIn:
AlphaShares has conceived and developed five Emerging Markets focused indexes and ETFs in partnership with Guggenheim Investments. These funds trade on the New York Stock Exchange under the tickers YAO, HAO, TAO, CQQQ & EMRE.
Current market value is as follows (below in $USD):
YAO - current price is $25.79; market capitalisation of $23.2 Million and $22 Million of Assets; fallen 4.35% in the last year
HAO - current price is $23.89; market capitalisation of $99.1 Million and $97.2 Million of Assets; fallen 11.52% in the last year
TAO - current price is $22.09; market capitalisation of $35.6 Million and $25.6 Million of Assets; increased 6% in the last year
CQQQ - current price is $37.742; market capitalisation of $49.1 Million and $47.2 Million of Assets; increased 13.96% in the last year
EMRE - current price is $23.89; market capitalisation of $2.4 Million and $2.3 Million of Assets; increased 5.9% in the last year
Total FUM USD is $209.4 Million. Converted into AUD at $0.76 equals $275.526 Million, converted at $0.72 equals $290.83 Million.
The performance of these ETF’s can be tracked and reviewed at http://www.nasdaq.com/ and your international share trading platform.
I am not sure if there are additional funds under management however believe this is all there is.
In brief, the performance of FUM is based on ETF’s which we can track back via information publicly available on the NYSE. While this shows values, it does not show management fees. Need to do a bit more digging around. Does anyone know what standard management fees for ETF’s in the US are? I would assume it would the standard 1.5% in the US.
AlphaShares may be limited in growth from a perspective of no additional ETF’s will be created given the management team that set up original ETF’s have moved on, the ETF’s have mandates to accept funds up to $USD1.5 Billion, many times what has currently been accepted.
As always keen on feedback, will do some digging around on management fees in a part two.
Best of Luck
Lost
PAC Price at posting:
$4.84 Sentiment: Buy Disclosure: Held
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