Factor Advisors has launched five leverage exchange-traded funds that hold both a bull and a bear position. The initial FactorShares ETFs combine holdings in the S&P 500 Index, U.S. Treasury bonds, gold, oil and the U.S. dollar.

“As a portfolio manager, I used to become frustrated about being charged twice the transaction fees and double the margin requirements in order to implement spread trades,” said Stuart Rosenthal, chief executive officer and co-founder of Factor Advisors. “I was determined to bring greater efficiency to spread trading. With the creation of FactorShares, spread trading among the major asset classes requiring two separate positions and indiscriminate rebalancing is in the past.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.