BTAL - BTAL: Can Generate Positive Returns Even In A Recession
2025-03-27 02:30:00 ET
Summary
- BTAL is a market neutral ETF that profits from the spread between low and high beta stocks, ideal for hedging in volatile markets.
- The fund is long low beta stocks and short high beta stocks, thriving in down markets and reducing portfolio volatility.
- BTAL has shown strong performance in past bear markets and is expected to outperform in today's environment with stretched valuations.
- Not a long-term hold, BTAL is best suited for risk-off environments where high beta names are likely to deflate.
Thesis
The AGF U.S. Market Neutral Anti-Beta Fund ETF ( BTAL ) is a name we last covered roughly two years ago with a 'Buy' rating. The fund is up over +10% since, despite the U.S. market experiencing a significant positive total return. Why are we surprised? Because BTAL usually works as a portfolio hedge, and outperforms in down markets....
BTAL: Can Generate Positive Returns Even In A Recession