New Age Alpha Launches First US Large-Cap Equity Avoider ETFs, AVDR and AVDG
New Age Alpha Launches First US Large-Cap Equity Avoider ETFs, AVDR and AVDG New Age Alpha, an asset management company that provides the global investment community with ETFs, indexes, SMAs, data and tools, announces two Avoider ETFs, AVDR US LargeCap Leading ETF (Ticker: AVDR) and AVDR US LargeCap ESG ETF (Ticker: AVDG). The alpha-seeking ETFs aim to provide an innovative source of alpha and an uncorrelated source of return by avoiding the losers “ stocks we believe to be overpriced. Tracking the New Age Alpha U.S. Large-Cap Leading 50 Index and the New Age Alpha U.S. Large-Cap ESG Index, the Avoider ETFs follow New Age Alphas proprietary methodology, which is the process of using a probability, the Human Factor, to avoid the losers. The Human Factor is the probability a company will fail to deliver the growth implied by its stock price “ and this occurs when investors impound vague or ambiguous