Javelin ETF focuses on out-of-favor stocks

04/12/2010 | IndexUniverse.com

Javelin Investment Management launched an exchange-traded fund pursuing an index-based contrarian strategy. The JETS Contrarian Opportunities Index Fund buys stocks that are unpopular, tracking the Dow Jones U.S. Contrarian Opportunities Index. The index has 125 companies that have strong fundamentals but have underperformed in recent years. The ETF trades on NYSE Arca and has an expense ratio of 0.58%.

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