A new entrant into the exchange-traded fund world has released a product designed to take advantage of companies with a penchant for capital expenditures.
On Wednesday, the Elkhorn S&P 500 Capital Expenditures Portfolio (NASDAQ: CAPX) debuted as a way of gaining access to the S&P 500 Capex Efficiency Index. This index was created to screen 100 companies within the S&P 500 with the most efficient reinvestment of capital back into their business.
Each company in CAPX is equal weighted to enhance the impact of smaller stocks within the portfolio. This methodology levels the playing field compared to a traditional ...
/www.benzinga.com/etfs/broad-u-s-equity-etfs/15/05/5544672/new-capital-expenditures-etf-looks-to-capitalize-on-growth alt=New Capital Expenditures ETF Looks To Capitalize On Growth>Full story available on Benzinga.com
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