coming up, we speak with julian klymochko. ceo of accelerate financial technologies.e is trying to democratize hedge funds through etf's. one etf that caught our attention, the ishares silver trust fund. its assets touched the highest since 2016. silver prices have been following gold's rally in recent weeks, fueled increasing geopolitical tensions and expectations the fed will cut rates. you can catch that and the other charts we feature on bloomberg on gtv . this is "etf iq." ♪ scarlet: i'm scarlet fu. this is "etf iq." it is time for the etf lifecycle. we walk you through the three main stages of the fund. step one is the filing. more annuity type etf's are coming your way. registrations for the best u.s. equity buffer august and the deep buffer etf. they now have over $1 billion in assets under management. step two is the launch. looking to ride the u.s. rate curve. listing is elixir. ticker stpu. while there are similar projects available on u.s. exchanges, this is the first product for europe that allows investors to bet on a 210 yield curve. the final stage

julian klymochko is trying to change that. he joins us from toronto. great to see you.first question, can you copy hedge funds in an etf wrapper given the liquidity requirements of an etf? you have to be able to redeem shares whenever needed. whereas, a hedge fund is more flexible. julian: certainly. historically hedge funds have focused on liquid securities. what we are bringing to the market we believe is institutional-caliber hedge funds within the easy to use etf structure. we have been in the business of running hedge funds for about 10 years years with another firm. we really are bringing that model with liquid securities in long short strategy utilizing alternative etf's. scarlet: let's talk about the fee structure. you call yourself the people's hedge fund manager. running hedge funds for about 1n because you do not charge a management fee. you only charge performance fees. instead of say 10 and 20, or two and 20, you've got zero and 15, zero and 50, and zero and 20. zero and 50 is high. explain your thinking here. julian: it is 50% above the index total return.

julian klymochko is trying to change that. he joins us from toronto. great to see you.first question, can you copy hedge funds in an etf wrapper given the liquidity requirements of an etf? you have to be able to redeem shares whenever needed. whereas, a hedge fund is more flexible. julian: certainly. historically hedge funds have focused on liquid securities. but we are bringing to the market we believe is institutional-caliber hedge funds within the etf structure. we have been in the business of running hedge funds for about 10 years with another firm. we really are bringing that model with liquid securities in long short strategy utilizing alternative etf's. scarlet: let's talk about the structure. you call yourself the people's hedge fund manager. your funds get my attention because you do not charge a management fee. you only charge performance fees. instead of say two and 20, you've got zero and 15, zero and 50, and zero and 20. zero and 50 is high. explain your thinking here. julian: it is 50% above the index total return. our benchmark is the total return. it is