CSM: Unconvincing Long-Short ETF
Portfolio Pulse from
The ProShares Large Cap Core Plus ETF (CSM) uses a 130/30 strategy focusing on large-cap U.S. stocks with a multi-factor model. Despite its value characteristics, CSM has underperformed the S&P 500 since 2009, with slightly higher risk metrics.
November 27, 2024 | 9:15 pm
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NEGATIVE IMPACT
CSM, a ProShares ETF using a 130/30 strategy, has underperformed the S&P 500 since 2009, with higher risk metrics, indicating potential concerns for investors.
The ETF's consistent underperformance compared to the S&P 500, coupled with higher risk metrics, suggests a negative outlook in the short term. This underperformance may lead to decreased investor confidence and potential outflows.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100