One-year-old ETF beats hedge funds, stock market in first year

A one-year-old actively managed exchange-traded stock fund has beaten a number of market benchmarks in its first year, including most hedge funds, the ETF sponsor AdvisorShares told Reuters…..Through September 30, the TrimTabs Float Shrink ETF gained 35.14 percent since it launched on October 4 last year, beating the benchmark Russell 3000 Index, which rose 32.85 percent over the same period, as well as the S&P 500 index…… The TrimTabs ETF also beat yearly gains for the benchmark HFRI Fund Weighted Composite Index, which rose 4.7 percent through September and tracks the performance of the $2 trillion hedge fund industry. The TrimTabs ETF portfolio is composed of the stocks of 100 companies that are actively buying back their own shares, and which have positive and growing free cash flow………………………………………………………………… Read all about it at http://www.reuters.com/article/2012/10/16/us-etf-performance-idUSBRE89F1IG20121016