Experience Stern | News & Events

Excerpt from Barron's -- "So the ETF — whose top components include International Business Machines (IBM), Exxon Mobil (XOM) and 3M (MMM) — is akin to going 'long' the stocks of profitable, stable companies with high-quality earnings, while being 'short' a basket of stocks exhibiting the opposite of those qualities. The idea was developed by Cliff Asness, Andrea Frazzini and Lasse Pedersen."

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