Quote:
Originally Posted by mountaintosea
... new ETF. Any thoughts? ...
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The ETF ranks investments based on their 'probability of benefiting from current economic conditions, trends, and world- and company-specific events' and picks those with the best chance at outperformance ... " What a great idea! I wonder why nobody ever had that idea before.
I'm sure they have great backtesting results. They all do. The statistics on funds say there's a less than 15% it will beat its benchmark over 5 years and a 50/50 chance it will fail so badly that it will be shut down or merged before 10 years. Some new funds crash so badly that they are gone in a couple of years.
BTW its web site is down right now. Maybe it has already failed.