1290 Multi-Alternative Strategies Fund Class I is an open-end mutual fund designed to provide long-term capital growth by investing across a wide array of alternative asset classes. Its primary function is to diversify traditional investment portfolios by allocating assets to multiple non-traditional strategies, primarily through holdings in exchange-traded funds (ETFs). The fund targets exposure to sectors such as commodities, convertible securities, global real estate, managed futures, and long/short equity, among others. This multi-strategy approach aims to reduce correlation to traditional market indexes, helping to mitigate portfolio volatility and broad market risk. Managed by Equitable Investment Management Group, the fund utilizes a combination of market factors, including momentum, to determine allocations among the underlying strategies. This positions the fund as a useful tool for investors seeking diversification and the potential for smoother portfolio returns, especially during periods of heightened equity or bond market volatility. It is categorized in the multistrategy segment, with most assets concentrated in a handful of top ETF holdings representing various alternative investments.
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