AltaVista Independent Research, Inc. have released the first source of fundamentally driven research on exchange traded funds (ETF).
According to the company, its online ETF Research Center together with its newsletter, ETF Advisor, give subscribers original research and analytical tools that for the first time allow investors to evaluate ETFs based on investment merit, not just past performance.
“Most ETF analysis available is really warmed-over mutual fund research, focusing almost entirely on past performance and fees,” says Michael Krause, the president and founder of AltaVista. “The problem with that is that it’s backward looking. In contrast, AltaVista’s fundamental approach to ETFs offers investors forward-looking analysis so they can evaluate funds based on investment merit, in much the same way they’d evaluate individual stocks.”
Using the site’s fund detail tool, a subscriber can drill down to examine the aggregate earnings growth, price-to-earnings ratio, or dividend yield of an ETF, for example, and then use the site’s valuation tools to easily compare those figures to other ETFs.
The new research covers 29 ETFs including most of the largest broad market, sector, and international ETFs, covering about 60 percent of US-listed ETF assets.