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Endowment Wealth Management CIO quoted in the Institutional Investor

By April 3, 2014No Comments

Prateek Mehrotra, Chief Investment Officer of ETF-MS and Endowment Wealth Management was recently quoted in Institutional Investor Magazine in an article by Trang Ho, titled “iBillionaire ETF Offers Activist Exposure in a Passive Vehicle”.

iBillionaire is an ETF that tracks and seeks to invest in the stock holdings of 21 billionaire investors such as Warren Buffett, George Soros, Carl Icahn, and others.

The excerpt that includes comments from Mr. Mehrotra states:

“I think this is a great idea.  It is what I call a retail investors’ hedge fund proxy, without the 2-and-20 fee structure and/or illiquidity.” Says Prateek Mehrotra, chief investment officer of Endowment Wealth Management, a registered investment advisor in Appleton, WI, with $50 million in assets under management.  Mehrotra’s model portfolios include the Global X Guru Index ETF (GURU), which has a similar investing strategy as iBillionaire.  Global X Guru monitors SEC filings from a select group of hedge fund managers and buys their top holdings and rebalances quarterly. The ETF, with $529 million in assets under management, returned 47 percent in 2013, compared with 32 percent for the S&P 500.  Since its June 15, 2012, start, Global X Guru has returned 57 percent, eclipsing the S&P by 17 percentage points.  But so far this year, it has underperformed, falling 5 percent while the S&P has ticked up 1 percent.  GURU charges an annual management fee of 0.75 percent, versus .53 percent for the average ETF, according to ETF.com.

A link to the entire article can be found at: http://bit.ly/QIPVaT

Mr. Mehrotra, MBA, CFA®, CAIA® also serves as Chief Investment Officer for ETF Model Solutions, an affiliated Third Party Strategist that provides investment outsourcing and other asset management solutions for advisors and Endowments using the firms’ ETF models.

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