Absolute Select Value ETF (ABEQ)
Absolute Select Value ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Rosemary Beach, FL, US. The stock last traded at $38.76, down 0.33% on the session, giving a market capitalisation of $142.7M. Its beta of 0.26 implies it has historically moved less than the broad market.
ABEQ uses a proprietary five-stage process to actively manage its portfolio. This process is used to identify, purchase, and sell companies that the funds sub-adviser believes are fundamentally attractive and will yield positive returns in all market conditions, over complete market cycles, net of fees and expenses, and not returns that outperform a specific benchmark. The fund primarily invests in US companies of any market capitalization and in any sector, which are selected based on company-by-company analysis. With this bottom-up approach, the fund could be overweight in certain market sectors. In seeking to protect principal or if there are not sufficient companies at valuations appropriate for investment, ABEQ may also invest all or substantially all of its assets in cash and cash-like securities or ETFs.
Absolute Select Value ETF is most often compared with the following Financial Services names: