I read David Stevenson comments on this ETF.

His Comments.....
<Quote>
1. There’s an ESG screen which personally I’m not enthusiastic about and would rather they hadn’t included!
2. The index it tracks is not a widely used one : its called the WisdomTree Global Efficient Core Index.
3. In portfolio terms the ETF is comprised of three key exposures: Equity exposure: 90% invested in a diversified ESG-screened basket of global developed large cap stocks; Bond exposure: 60% in a diversified basket of government bond future contracts, ranging from two- to 30-year maturities and across four currencies (USD, EUR, GBP and JPY);Cash collateral: 10% cash, serving as collateral for Treasury futures contracts. The futures portfolio comprises three US Treasury contracts, three EUR government bond futures contracts, one GBP government bond futures contracts and one JPY government bond futures contracts
4. The equities are physically owned
5. There’s a UK sterling version of the fund with the ticker WGEC
My Bottom Line? I rate this product highly and think it is a real game-changer. It's cheap, it gives good diversification in a simple-to-understand product and it can be easily traded. I can absolutely see this as a core product for many investors who don’t want all the choice and noise of working out messy asset classes, ETFs vs investment trusts etc, etc….
<End Quote>

I read the Wisdomtree marketing material..
a. Wisdomtree suggested either investors with a long timeframe or investor wanting less volatility would
be interested in this product.

I then went to boggleheads and read the comments on the forums about stacking. There are a number of stacking products available to US investors which have been available for some time. So I figured they may have some experience. The impression I came away with after reading a few random posts was...
a. Bond Futures do not always following the index perfectly.
b. In terms of overall returns the difference it makes compared to a traditional 60/40 portfolio are small in the near term and you have to hold this for many decades to achieve significant outperformance. Of course since we do not have decades of experience of this product this outperformance is from back testing. i.e theoretical.
c. The theoretical testing show lower vol. compared to a 60/40 portfolio.
d. This is a complex package. Investors should fully understand the investment. For most people why complicate things? It is generally best to keep things as simple as possible.
e. It is not possible to tweak the ratio of equity/bond exposure or the duration of the bonds.
f. It would be possible to invest 90% of your portfolio in a tracker of your choice and buy the appropriate bond futures with the remain 10% of your portfolio. You could then tweak the duration etc. but you would have to roll the futures etc. a lot of hassle.

My take. If you have decades before you are planning to retire then this maybe a good solution and worth further research. I take a barbell approach to my own investments (Pairing safe [Government Bonds] and risky [global equities]) so this product had some appeal. As with many of these "good ideas" unless you make a significant investment the difference it will make to your overall portfolio is marginal. I am not prepared to take on additional risk on theoretical outcomes. That said I could see these types of products being commonplace in 20+ years time.

Mr Batch,

You were right to pick me up on the inclusion of alternatives. I forgotten I have looked into that.

So I considered

67% WGEC
11% BHMarco
11% Man GLG Alpha Select Alternative IL GBP
11% Winton Trend (UCITS) I GBP

That would have effective giving me
60% Global Equities
27% Government Bonds
11% Macro Trading
11% Long/Short
11% Trend Following

With a 120% exposure split half equities and half stuff that will probably be ok in a downturn.
(This is the sort of thing that would not look out of place in a hedge/pension/endowment fund.)

But Alas, probably too experimental for my tastes.

Good Luck.

Out of curiosity have you looked at the Pictet Global Megatrends ?
I've got rid of BH Macro and erm and arring what to do with the Pictet which I hold.
Finding it difficult to justify in portfolio as feel a simple tracker/momentum/global 100 will pick up trends as they appear.

[quote=Mr TIPS;326772]Mr Batch,

You were right to pick me up on the inclusion of alternatives. I forgotten I have looked into that.

So I considered

67% WGEC
11% BHMarco
11% Man GLG Alpha Select Alternative IL GBP
11% Winton Trend (UCITS) I GBP

That would have effective giving me
60% Global Equities
27% Government Bonds
11% Macro Trading
11% Long/Short
11% Trend Following

It gets better you would have 40% bonds not 27% with that 67% allocation to WGEC
I like the PF but would lose the Man for more trend - imgp dbi fund which is the dbmf etf in a ucit form - on ii and i own it.

A less leveraged PF could be say 40% WGEC which would still give 80% spare to total 120% nett PF for normal equity, bonds, alt, gold or BTC on top of the 40% WGWC ( 36eq/24%bond )

Mr Batch thanks for highlighting this fund. I hold a small amount of WTEF mainly to see how it performs, so far its been good. The global version WGEC is what a lot of investors are looking for, a one ETF version of a global 60/40, as an alternative toVanguard lifestrategy, HSBC Global Strategy etc. Its also on AJBell.