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The recently-launched Forensic Accounting ETF (FLAG) attempts to overcome shortcomings in the...

  • Tuesday, February 26, 11:59 AM ET
    The recently-launched Forensic Accounting ETF (FLAG) attempts to overcome shortcomings in the S&P 500 (SPY) by weighting stocks according to earnings quality, says its creator John Del Vecchio. Those stocks with the largest market caps are thus not necessarily those with the largest influence over the fund. Additionally, companies with aggressive accounting are excluded from the ETF.
     
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This news story has 4 comments:

  •  
    FLAG's second largest holding is Chesapeake Energy - the same company that has been in the news lately for having a board of directors who encourages the CEO to borrow money from the company (over one billion dollars!) for buying oil wells and competing with the company he's running.

    Interesting choice for an ETF claiming to specialize in honest accounting.
    26 Feb, 12:19 PM Reply Like
  •  
    Welcome to the circus.
    Capt. Brian's Floating Circus aka "The market"

    Capt. Brian
    The Lost Navigator
    26 Feb, 01:06 PM Reply Like
  •  
    @Owen, thanks for pointing that out

    As a low-time investment exercise, I'll be watching FLAG vs the S&P500 (SPY, to be fair in terms of expenses).

    FLAG's history is only ~1 month, so I'm not going to draw any conclusions yet.

    However, over the last month it's losing ~ -0.7% to ~ +0.2%

    http://yhoo.it/Xc1hDS
    27 Feb, 09:30 PM Reply Like
  •  
    John,

    Congrats on being profiled in CFA Magazine. I happened to read it earlier today and coincidentally now just ran into this article mentioning your ETF.
    18 May, 05:47 PM Reply Like
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