FYI: Smart investors are smart for a reason. Namely, it’s because they have a knack for cranking out winning performance on a consistent basis. That’s why people try to emulate their strategies, which is why a small number of exchange-traded funds have launched during the past three years that seek to mimic the acumen of billionaire investors, successful hedge fund managers, so-called investing gurus and the like.
The newest player in this niche space is the Validea Market Legends ETF (VALX), which began trading in December. It was the third such ETF to launch last year, coming on the heels of two existing funds following a similar tack that both launched in 2012.
Regards,
Ted
http://www.fa-mag.com/news/new-twist-on-the--guru--etf-model-21160.html?printM* Snapshot Of VALX;
http://etfs.morningstar.com/quote?t=VALX®ion=usa&culture=en-US
