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.
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