CLSE: Buy Rating Maintained As Masterful Maneuvers Reinforce Thesis
Convergence Long/Short Equity ETF has an active strategy designed to deliver “alpha from a net long portfolio.”. I maintain a Buy rating on CLSE, supported by its over 11% outperformance since the February note that proves the high adaptability of the strategy. Since conversion into an ETF, CLSE has delivered an annualized active return of 7.15% (with IWV selected as a benchmark), with a lower standard deviation.