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Beware the Wal-Mart Supplier ETF

Stock quotes in this article: TGT , CVS , MMT , WSI , CALM , XLP  

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 Quote).

The first sentence on the WSI web page pitching the fund asks if you have ever gone into a Wal-Mart (WMT Quote) and wondered if you could somehow buy the companies that generate most of their sales suppling the retailer.

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