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Products March 3, 2008
PA Firm Puts Out Three Revenue-Ranked ETFs
A suburban Philadelphia company has launched three exchange-traded funds (ETFs) on the New York Stock Exchange.
Reported by Fred Schneyer
RevenueShares Investor Services, based in Paoli, Pennsylvania, said that it will rank the three ETFs by top-line revenue, rather than market capitalization.
The new offerings, to be marketed to both institutional and retail clients, include:
- RevenueShares Large Cap Fund,
- RevenueShares Mid Cap Fund, and
- RevenueShares Small Cap Fund.
According to the announcement, the new offerings will be maintained annually by Standard & Poor’s. The Bank of New York will provide additional investor fund services such as administrator, custodian, and transfer agent, while Foreside Fund Services will serve as the funds’ distributor. The investment adviser for the ETF offerings will be VTL Associates.
More information is available at www.RevenueSharesETFs.com.