iShares Launches Alternatives ETF

According to a press release, the objective of the Trust (ticker: ALT) is “to maximize absolute returns from its portfolio of exchange-traded futures contracts (that may involve commodities, currencies, interest rates and certain eligible stock or bond indices) and foreign currency forward contracts, while seeking to reduce the risks and volatility inherent in those investments by taking long and short positions in historically correlated assets.” 

iShares notes that the Trust is not intended to track the performance of any index or benchmark.