2013-06-03 — businessweek.com
``If you can make it past the jargony horror of the fund names and their strategies, they're a pretty interesting bunch. The AdvisorShares QAM ETF, started last August, uses what's known as a (you were warned) "beta replication" strategy to mimic the HFRI Equity Hedge Total Index of 1,000 hedge funds. "Attempts" is the key word because unlike a Standard Poor's 500-stock index fund, which can buy each stock in its benchmark, ETFs aren't legally allowed to invest in illiquid hedge funds. ''
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