Hedgeye launches new ETF for index inclusion candidates
Hedgeye launched an ETF to profit from stocks joining major indexes. The fund holds candidates before inclusion to capture gains from forced index fund buying.
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Hedgeye Asset Management launched an ETF targeting stocks poised for index inclusion in the United States. The launch occurs two weeks before the much-anticipated SpaceX initial public offering. Investors can now access the "index inclusion trade" previously reserved for institutional asset managers.
