Wedbush Fund Advisers has added a core US equity exchange-traded fund (ETF) in partnership with Indiggo, aiming to make corporate leadership quality part of a rules-based investment strategy.
The Wedbush ReturnOnLeadership US Large Cap ETF (ticker: EXEQ) seeks to provide exposure to 50 large-cap US companies identified as demonstrating strong corporate leadership execution. The ETF aims to turn leadership from a qualitative judgement into an objective, investable metric The fund tracks the Solactive Indiggo ReturnOnLeadership US Large Cap Index, which is based on Indiggo’s proprietary ReturnOnLeadership (ROL) framework. According to Wedbush Fund Advisers, the framework