Examples of companies that pass muster for entry into the Del Vecchio Earnings Quality Index include Western Digital (NYSE: WDC), Marathon Petroleum (NYSE: MPC), WellPoint (NYSE: WLP) and Dow component Travelers (NYSE: TRV), all of which were top-10 holdings in FLAG as for Feb. 12, according to issuer data.
“The difference between FLAG and our competitors is that we view every company as guilty until proven innocent. Companies will overstate their financial statement for short-term gain. It has always been that way and always will,” Del Vecchio told the Morning News.
FLAG charges 0.85% per year.
Forensic Accounting ETF
