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The Forensic Accounting ETF (FLAG) drops Nike (NKE) and Wal-Mart (WMT) from its portfolio,...

The Forensic Accounting ETF (FLAG) drops Nike (NKE) and Wal-Mart (WMT) from its portfolio, giving each "F" rankings based on its forensic accounting model. Other "F's" include SNI, XLNX, MOS, and TIF. Those garnering an "A" include CHK, HES, EA and AKAM. Since its Feb. 1 inception, the ETF has matched the S&P's performance.
Comments (2)
  • keith0548
    , contributor
    Comments (77) | Send Message
     
    And that's what makes a market.
    When FLAG dropped WMT, someone else added them.
    To every transaction, there are two sides.
    I like WMT. And I don't know what FLAG's criteria were.
    3 Apr 2013, 05:38 PM Reply Like
  • Choosh
    , contributor
    Comments (327) | Send Message
     
    An "A" for CHK??? Calls anything they say into question. Rating firms have a lot of algorithms and insufficient judgment.
    4 Apr 2013, 10:19 AM Reply Like
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