Individual stocks can see big Monday moves after a bullish or bearish article in the weekend edition of Barron’s. Now a new ETF lets investors buy a basket of stocks that are attractive to Barron’s writers.
ALPS on Tuesday launched the Barron’s 400 ETF (NYSEArca: BFOR).
The ETF tracks a rules-based index intended to give investors a vehicle for tracking the overall performance of a collection of companies with strong fundamentals based on a methodology jointly developed by Barron’s and MarketGrader.com, according to a press release.
“All index components are selected on the basis of their fundamental strength,” said Carlos Diez, president of MarketGrader.com. “The Barron’s 400 Index is built from the ‘bottom-up’ using a methodology that is quite different from most traditional market benchmarks.”