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Crazy Cash Host Jim Burn has two new exchange-traded funds in his name after the TV personality has become infamous for his bad crypto investment advice.One of these funds, well-named reverse burn, will wager against its appeals.
Managing equity, a consultancy firm based in the United States, filed a preliminary prospectus with the Securities and Exchange Commission of the United States (sec) to launch the inverse cramer etf (sjim) and long cramer etf (ljim).
Inverse Cramer ETF to trade against Cramer’s advice
Each of the two funds forms part of a Northern Lights Fund Trust IV series. However, the prospectus shall be subject to completion and shall enter into force on the approval of the regulator.
Once launched, the reverse ETF will burn the investment tips that are at odds with Jim Cramer's suggestions. It basically suggests that the results of the investment will be pretty much the opposite of what you would expect if you listened to the presenter.
The deposit stated, "Under normal circumstances, a minimum of 80% of the Fund's investments [are] invested in the reverse of the securities referred to by Cramer."
Further explaining that the adviser to the Fund is set to track Cramer’s stock picks and general market recommendations throughout the trading day as they are made public on Twitter or in his CNBC television programs, to either short those recommendations or engage in derivatives transactions like futures, options, or swaps that have a negative correlation to them.
“The Fund's portfolio typically consists of 20 to 25 equities with equal weightings of any market capitalization of Canadian and foreign issuers," he said.
Last but not least: the Cramer ETFs.
Inverse Cramer ETF
Long Cramer ETF
Eff Dec 19
20-25 equal-weighted stocks/ETFs based on Cramer's Twitter & TV recommendations and market views. Positions exited if Cramer has no view & once profit targets met.https://t.co/ZvA5G2zoTXpic.twitter.com/tY9yBMt15s
— ETF Hear It Through Henry Jim (@ETFhearsay) October 5, 2022
The Long Cramer ETF will deliver investment results to track the investment results recommended by TV personality Jim Cramer.
The funds also highlight the risks associated with foreign securities, investment style, issuer, operations, markets and geopolitics, portfolio revenue and small and mid-cap.
A reputation with a chain of command.
The 67-year-old CNBC host is a former hedge fund manager who has made people angry as he turned from a lover to a crypto skeptic within a matter of 10 days.
Elsewhere, Mr. Cramer warned in July that the United States Securities and Exchange Commission could address the issue of coins, only for the price of the cryptocurrency market to soar by 50% the following week.
In its latest forecast on October 10. 4, fearing that stock stocks would be groundfish in the weeks ahead with a comeback after that. These are just two examples, among many others, of calls where many crypto investors would have loved to "go the other way".
As cryptography has recently moved away from the highest correlation ever observed between equity and digital asset markets, Bloomberg recently stated that it appears to be outpacing the first.
