These ETFs Take a Page Out of Famed Investors’ Playbooks

Hedge funds and holding companies were long an exclusive club. Now, exchange-traded funds are sneaking in the side door. ETFs are increasingly adopting strategies long associated with big-name investors as issuers look to package their investments into liquid, retail-friendly products. Most of these strategies replicate the structural elements of hedge fund investing, like futures-based exposure and options overlays. Some issuers now have several such funds, mimicking the holdings of Warren Buffett as wel ...