Here’s two ETFs that aim to track Buffett

Article Excerpt

We think it’s all but impossible to duplicate the investment success of celebrated investors such as Warren Buffett, Bill Ackman, Carl Icahn, Daniel Loeb and David Tepper. That hasn’t kept these two ETFs from trying. Each aims to track the holdings of the most prominent investors. DIREXION IBILLIONAIRE INDEX ETF $32 (New York symbol IBLN; TSINetwork ETF Rating: Aggressive; Market cap: $14.2 million) tracks the iBillionaire Index, which aims to replicate the largest stock holdings of a select group of 10 billionaires. The fund invests in large companies listed in the U.S. and holds a concentrated portfolio of 30 equally weighted stocks. Technology (43%), Consumer Cyclical (17%), Financials (13%) and Health Care (10%) are the main industry groups represented in the portfolio. Individual holdings are mainly large companies, including Alphabet, Micron Technology (semiconductors), General Motors, Xilinx (semiconductors), DowDu- Pont (chemicals), PayPal, Blackrock (asset management), Mylan (pharmaceuticals), Activision Blizzard (online services) and Bank of America. The ETF was launched in August 2014, with its expense…

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