Matt Tuttle Launches Fund Targeting Risks of Jim Cramer's Advice
1 report, 1 independent
Updated Wed 00:00
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What happened
Matt Tuttle launched a new fund to target the risks associated with following Jim Cramer’s investment advice. This follows the liquidation of the Inverse Cramer Tracker ETF, which had aimed to deliver investment results opposite to those recommended by Jim Cramer. The ETF, which launched in March 2023, approved its liquidation on January 25, 2024.
From indiatimes.com
Why it matters
The Inverse Cramer Tracker ETF lost 15% on a total return basis between March 2023 and January 2024, while the S&P 500 gained 25% during the same period. The fund also struggled to attract capital, reaching $2.4 million in assets by the time of its closure announcement.
From indiatimes.com
Who's involved
- Jim CramerProvides financial commentary and investment advice on various stocks and market trends.
- Matt TuttleLaunched a fund to highlight the risks of following Jim Cramer's investment advice.