Hedgeye Quality Growth ETF(AMEX:HGRO)

HGRO aims for long-term capital growth by investing in 40-50 US-listed companies with high earnings growth potential and solid capital returns. The fund targets industry leaders with experienced management and strong financial fundamentals. The fund employs the Quad model, a quantitative, regime-based framework, to identify macroeconomic themes by measuring and mapping growth and inflation changes with consideration to monetary policy biases. This framework guides the fund to identify economic and asset price movements. The fund combines research, portfolio design, construction, and trading functions, focusing on long-term returns while managing risk. The fund selects growth stocks whose growth potential appears underappreciated. HGRO may invest in other ETFs and derivatives, as well as engage in securities lending. The actively managed fund may invest up to 20% in cash and cash equivalents and up to 20% in non-US stocks.