A hypothetical exchange-traded fund composed of assets deemed as overvalued by the media such as Bitcoin and some tech stocks has so far this year posted a return of 17 percent, MarketWatch reports.
Currently, the bubble portfolio consists of among others Bitcoin, Argentina’s century bond and tech stocks such as Netflix, Tencent and Tesla.
The bubble portfolio was the brainchild of Bloomberg editor, Joe Weisenthal. Paul McNamara, an investment director at asset management firm GAM Investments, has been compiling the yields since its inception. On Tuesday, McNamara tweeted that the bubble portfolio had recorded returns of 17 percent year-to-date.