FYI: ETF newcomer, the Chicago based Distillate Capital is teaming up with white labeller ETF Series Solutions to list a new US large cap value ETF. The Distillate US Fundamental Stability & Value ETF (DSTL) will track an index of US large cap value companies distilled by Distillate. DSTL begins with the 500 of the largest US companies, which are then screened for value based on three things:
.Financial Indebtedness. Companies with a lot of debt are excluded.
. Fundamental Stability. Companies are scored based on a proprietary measure of the volatility of their historical and projected cash flows. Those scoring in the bottom 50% are removed.
.Valuation. Companies are scored based on a proprietary measure of free cash flow yield.
Regards,
Ted
http://www.etfstream.com/news/4805_new-listing-newcomer-distillate-lists-value-etf
