The fund invests in 100 US companies selected from a universe of fewer than 315 stocks that have maintained a minimum 15% return on equity for 10 years.
Jensen Investment Management (Jensen) has launched the Jensen US Quality Index ETF (JQTY), a passive exchange-traded fund listed on the New York Stock Exchange. The index comprises the 100 largest qualifying companies by free-float market capitalisation The fund tracks the Jensen US Quality Index (JQUI), which is based on the firm's long-established quality investment framework and is independently calculated and administered by VettaFi. Jensen stated that companies must have generated a re