Clear Indexes LLC announced
the winner of its exchange traded fund (ETF) competition, which took
place from October 12-November 26, 2007.
James Baker, 18, an NYU
freshman, won the Clear Next Generation ETF Competition. His idea was
selected from around 100 entries, and he will receive $4,000, a paid
internship at the Wall Street Clear Indexes' office, and the chance to
work on publishing the live index.
His winning idea was a U.S. Exporters Index that seeks to benefit from a growing global economy, along with the reduced value of the dollar. It is made up of large-to mid-cap companies that obtain a material portion of their revenue outside the U.S.
All of the winners are acknowledged on the group's Facebook page.
What companies were included in the US Exporters EFT?
Posted by: jim philips | Apr 22, 2008 3:58:02 PM
Jim,
There is no ETF - the winning idea was instead for on index, on which a future ETF could be based. The components don't appear to have been released yet, though! Stay tuned.
Posted by: Tom Lydon | Apr 23, 2008 7:46:46 AM