The new exchange-sales fund launched on Tuesday is giving investors the opportunity to mimic billionaire hedge fund manager Bill Ackman. The Vistashares Target 15 Acktivist Distribution ETF (ACKY) offers a portfolio that reflects the public top holdings of Ackman-led Pershing Square Capital. This is the latest ETF release from Vistashares, focusing on key players in investments. Ackman ETFs are exposed to names like Alphabet, Amazon, Chipotle, and more. According to Vistashares CEO Adam Patti, the fund has an annual revenue target of 15% and is distributed monthly through a cover call strategy that provides an income of 1.25% each month. Vistashares’ Ackman fund follows an ETF that focuses on Warren Buffett, CEO of Berkshire Hathaway, which was launched earlier this year. Patty said the Vistashares Target 15 Berkshire Select Income ETF (OMAH) has reached almost 5 billion investors and has “extraordinary success.” Following that, Patty said his team has begun scouting for the next investor who can be tracked in the ETF and provide a 15% income target. “We came up with a short list,” Patty told CNBC’s Dom Chu. Ackman “was the number one opportunity for us based on his holdings.” According to Vistashares, the Ackman fund has 11 holdings and an expense ratio of 0.95%. There is no official affiliation with Pershing Square or Ackman, who previously had been planning funds for everyday investors.
