This new ‘opportunistic’ ETF is an example of hedge fund strategies coming to the masses

The line between hedge funds and retail investors has begun to blur in recent years, and a new ETF is further bridging the divide. The Opportunistic Trader ETF, trading under the ticker "WZRD," launched on Wednesday and quickly surpassed $15 million in assets. The fund is run by Larry Benedict, who was one of the traders featured in the "Market Wizards" series of books by Jack Schwager.

The WZRD ETF won't be a buy and hold strategy common among ETFs, according to securities filings and the Opportunistic Trader team. Its holdings will include equities, other ETFs and options, with the ETF trading in and out of many of those positions within a week. Rise of active ETFs The rise of hedge-fund like ETFs is part of a broader trend toward more active funds.

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