Thursday, 23 October 2014
Last updated 26 min ago
Oct 17 2012 | 10:11am ET
An actively managed exchange traded fund has posted double-digit returns in its first year of operation, handily outperforming hedge funds.
The TrimTabs Float Shrink ETF is up 35.14% since its launch on October 4, 2011. It beat the Russell 3000 Index (up 32.85%) and the S&P 500, in addition to beating the gains of most hedge funds as measured by the HFRI Fund Weighted Composite Index, which was up 4.7% through September.
The ETF invests in 100 companies with postive and growing free cash flow that are also actively buying back their own shares.
TTFS is managed by investment adviser TrimTabs Asset Management.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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