“Candidates for inclusion in each country are ranked by free cash flow yield and equal weighted too. This equal weighting methodology may mitigate some of the specific company risk facing investors looking to add diversification to their portfolio. The ten global markets composing the fund are then equally weighted, with 10% allocated to each,” according to TrimTabs.
FCFI is home to 100 stocks, none of which account for more than 2.34% of the new ETF’s weight. The fund’s top 10 holdings combine for just 18.5% of its weight. That group includes Swiss industrial conglomerate ABB (NYSE: ABB) and Royal Dutch Shell (NYSE: RDS-A), Europe’s largest oil company.
The new ETF charges 0.69% per year.
FCFI Top 10 Holdings
Table Courtesy: TrimTabs