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In this episode of ETF Spotlight, I speak with David Barse, CEO of XOUT Capital, and Will Rhind, CEO of GraniteShares.
David, former CEO of Third Avenue Management, now believes that finding winners is hard and it is easier to cut out the losers. His company created the index for the GraniteShares XOUT U.S. Large Cap ETF .
XOUT evaluates the S&P 500 companies and determines how they are addressing the challenges of technological disruption. It uses nine quantitative factors to eliminate 250 stocks. These factors include weak revenue growth, lack of employee growth, failure to reinvest in the business and/or company stock, negative earnings sentiment, lackluster management performance and poor profitability.
Technology gets highest allocation in the portfolio—32%, while 20% of the fund is in Financials and 14% in Communications.
GraniteShares is best known for its low-cost commodity ETFs, such as the GraniteShares Gold Trust (BAR - Free Report) , which is one of the cheapest physically backed gold ETFs. With an expense ratio of 0.60%, XOUT is rather expensive. Why should investors consider it?
We also discuss how investors can use XOUT in their portfolio. To learn more, please visit GraniteShares. Make sure to be on the lookout for the next edition of ETF Spotlight! If you have any comments or questions, please email podcast@zacks.com .
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Keep Winners & Avoid Losers with This ETF
In this episode of ETF Spotlight, I speak with David Barse, CEO of XOUT Capital, and Will Rhind, CEO of GraniteShares.
David, former CEO of Third Avenue Management, now believes that finding winners is hard and it is easier to cut out the losers. His company created the index for the GraniteShares XOUT U.S. Large Cap ETF .
XOUT evaluates the S&P 500 companies and determines how they are addressing the challenges of technological disruption. It uses nine quantitative factors to eliminate 250 stocks. These factors include weak revenue growth, lack of employee growth, failure to reinvest in the business and/or company stock, negative earnings sentiment, lackluster management performance and poor profitability.
The fund’s top holdings are Apple (AAPL - Free Report) Microsoft (MSFT - Free Report) , Amazon (AMZN - Free Report) , Alphabet (GOOG - Free Report) and Facebook . Well-known stocks that do not find a place in the portfolio, include Walmart (WMT - Free Report) Exxon Mobil (XOM - Free Report) , Walt Disney (WMT - Free Report) and Berkshire Hathaway (BRK.B - Free Report) .
Technology gets highest allocation in the portfolio—32%, while 20% of the fund is in Financials and 14% in Communications.
GraniteShares is best known for its low-cost commodity ETFs, such as the GraniteShares Gold Trust (BAR - Free Report) , which is one of the cheapest physically backed gold ETFs. With an expense ratio of 0.60%, XOUT is rather expensive. Why should investors consider it?
We also discuss how investors can use XOUT in their portfolio. To learn more, please visit GraniteShares. Make sure to be on the lookout for the next edition of ETF Spotlight! If you have any comments or questions, please email podcast@zacks.com .
Want key ETF info delivered straight to your inbox?
Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>