MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, October 23, 2012 Get CSI Ready: Here Comes a New Forensic ETF Exchange Traded Concepts is prepping an ETF that will use forensic accounting to guide it in stock picking, reports Index Universe. The index Del Vecchio Earnings Quality Index, created by forensic accountant John Del Vecchio, was made for the Forensic Accounting ETF. It will trade using the ticker FLAG. Del Vecchio said that his firm's "expertise in using forensic accounting at the core of our investment analysis has already been validated for ETF investors on the short side. They will soon have the opportunity to capitalize on our earnings quality-based strategy in a long-only index structure too." According to the filing, "companies determined to have overstated revenue, underestimated expenses, generated unsustainable sources of cash flow, or that are otherwise viewed as underperforming are given the lowest grade and are excluded from the index." Printed from: MFWire.com/story.asp?s=41750 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |