This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Inside Five Expensive ETFs

4. IndexIQ Hedge Macro Tracker ETF (MCRO) Expense Ratio = 1.10%* 

MCRO is designed to replicate the performance of the IQ Hedge Macro Index, a benchmark that replicates the risk-adjusted return characteristics of a combination of hedge funds pursuing a macro strategy and hedge funds pursuing an emerging markets strategy.

Like other hedge fund replication ETFs from IndexIQ, MCRO is an "ETF of ETFs," meaning that its underlying holdings are not stocks and bonds but rather other ETFs.

Although this strategy is an efficient way to pursue complex strategies that include exposure to multiple asset classes, it also has the potential to increase expenses by creating multiple levels of costs.

MCRO charges an expense ratio of 75 basis points, but the acquired fund fees and expenses from MCRO's underlying holdings add another 35 basis points, resulting in an effective expense ratio of 1.10%. A big reason for MCRO's sizeable acquired funds expense is the 20% allocation to iShares MSCI Emerging Markets Index (EEM), which charges 72 basis points.
3 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
GSC $21.05 -0.47%
MCRO $24.48 0.02%
MES $22.34 -0.30%
PCEF $21.75 0.23%
AAPL $93.21 -0.44%


Chart of I:DJI
DOW 17,660.58 +9.32 0.05%
S&P 500 2,049.58 -1.54 -0.08%
NASDAQ 4,718.8410 -6.7980 -0.14%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs