Is The World Ready For Betting Market ETFs?

A couple of quick hits tonight. 

I stumbled across a generic asset allocation from a huge firm ($100 billion AUM) that no one's heard of. The mix isn't radically different from other large asset managers, and they use private assets to round out the mix, but as is often the case, we can rebuild their idea using brokerage accessible funds. 

The build-out of their idea includes the usual suspects of funds we use for blogging purposes.

With a little more time to spend, I think this could be improved, but it is still pretty interesting. 

We've talked a couple of times about an ETF idea whose strategy would be to place many bets, talking thousands, on various betting markets, not necessarily seeing each bet out to the end but more like moving in and out as pricing changes. I imagine this as some sort of systematic implementation that, if it went well, might have an absolute return sort of result that would be a little better than T-bills.

This filing isn't exactly that, but it's a step in that direction.