News & Events: Insider Trading ETF Outperforms Market
The Guggenheim Insider Sentiment ETF (NFO) -- which is based on the Sabrient Insider Sentiment Index -- has beat the market since its inception in 2006. This article from TheStreet.com (originally published at Insider Monkey) tells you why . . .
. . . Academic studies have shown that stocks intensively purchased by insiders outperform index funds by more than 7% per year. Insider transactions are followed by several people and receive disproportional media coverage. However, there are not many funds that utilize insider transactions. Guggenheim is one of the few funds that capitalize on insider purchase data.
Guggenheim has had an insider trading ETF - the Guggenheim Insider Sentiment ETF (NFO) -- since late 2006 and this ETF has outperformed the broader market ETFs like SPDR S&P 500 ETF (SPY), iShares Russell 2000 Index (IWM), and PowerShares QQQ Trust (QQQQ). Read more