In the past few years, the exchange-traded fund industry has produced a lot of different kinds of products -- some great, some clearly worthless and some that can't easily be categorized as either.
Add to that last category the FocusShares ISE Revere Wal-Mart Supplier Index Fund (WSI).
The first sentence on the WSI web page pitching the fund asks if you have ever gone into a
(WMT) and wondered if you could somehow buy the companies that generate most of their sales suppling the retailer.
Personally, I never have and don't know anyone who has, although that does not necessarily make the fund a bad idea. My first inclination is to explore whether the 30 stocks in the fund that "derive a substantial portion of revenue from Wal-mart Stores" could be a proxy for something else.
|WMT Supplier Index vs. WMT Stock|
|Click here for larger image.|