Yesterday the TrimTabs
team celebrated on Wall Street.
, CEO of California-based independent institutional research firm TrimTabs
, PM Minyi Chen
, and other TrimTabs executives all convened at the NYSE to celebrate the launch of TrimTabs' second ETF (that's an exchange-traded fund, not an extra-terrestrial freak) TrimTabs International Free-Cash-Flow
To celebrate this endeavor, executives visiting the NYSE satisfied their palates with an impressive breakfast served in a vast conference room. Eggs, fruit, potatoes, and sweet treats, accompanied by coffee, tea and an assortment of juices, were all left for the attendees to devour.
Following breakfast, executives made their way down to the trading floor and celebrated their ETF launch while standing high up on the podium right at opening bell.
The fund, which began trading June 1st, tracks an index that is designed to measure the top 10 international companies with the highest free-cash-flow yields within those designated markets. The TrimTabs International Free-Cash-Flow ETF holds stocks from Canada, Germany, United Kingdom, Hong Kong, Japan, France, Switzerland, Netherlands, South Korea, and Australia.
This is Biderman's second ETF launch. His original ETF, the AdvisorShares TrimTabs Float Shrink
ETF, was one of the largest equity-based actively managed ETFs.
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