Investors seeking stocks with deep value relative to their peers have typically used sophisticated screening methods and other tools to discover these hidden gems.
However, a new ETF from an upstart fund provider seeks to use quantitative analysis to build a portfolio of value-oriented stocks from the ground up.
New Quantitative ETF: QVAL
The ValueShares U.S. Quantitative Value ETF (QVAL) debuted last week on the BATS exchange as the initial offering from Alpha Architect. This actively-managed fund seeks long-term capital appreciation by investing in U.S. equities that the adviser believes are undervalued.
QVAL uses a number of balance sheet statistics to screen for stocks with indications of financial strength, yet have low share prices in relation to operating earnings and other equity valuation metrics. ...
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