New Semiactive Exchange-Traded Fund

I saw this in the WSJ and thought I'd pass it along. There's a new "semiactive" exchange-traded fund on its way. It will be called Q Funds Technology Focus Portfolio Exchange-Traded Fund and will be managed by Firsthand Capital Management. The fund will be use a quantitative formula to find 30 technology companies out the S&P 500 Index that are poised for growth. Each stock chosen would have an equal weighting in the portfolio.

There will be more on this later.

Tags: iShares, ETF, Exchange-Traded Funds, Actively-Managed Exchange-Traded Funds