A personal finance blog dedicated discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance.


Wednesday, May 25, 2005

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.

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