Back in October I told you about a new forensic accounting ETF from Exchange traded Concepts (ETC) that was in the works. Well, that fund has finally launched...
- FLAG - Forensic Accounting ETF
The new ETF correlates with the Del Vecchio Earnings Quality Index, which according to ETC, uses financial statement analysis in an attempt to avoid companies with aggressive revenue recognition while investing in companies that have high earnings quality. FLAG already has about $2.5 million in assets and some of the top holdings include AT&T, Verizon and Texas Instruments.
As of today, the fund is trading around $25.23 and you can get full details for the fund on the ETC FLAG fact sheet