Do You 'KNOW' How Well the Direxion Insider Sentiment ETF is Doing?

The Direxion All Cap Insider Sentiment ETF (KNOW) - Get Report  is up 97% over the past five years, over 20 percentage points better than the S&P 500 Index. Those insiders must be onto something good. At the end of the second quarter, financials had the highest index sector weighting in the KNOW at 27%, followed by consumer discretionary (19%), healthcare (14.5%), information technology (14%) and industrials (13%). The KNOW has $177 million in assets and Egilinsky said it is continuing to attract assets as part of the greater shift toward smart beta and index funds.