Q: What is your opinion on Brompton ETFs invested in domestic and non-domestic companies with high cash flows? Are these good to invest ?
Miroslaw
Miroslaw
5i Research Answer:
KNGX is a new ETF, with only $6M in assets. It is up 2.6% in the past month. Cash flow has been proven to be a reliable metric for companies, and we have no qualms with the strategy nor set up of this ETF. It will track 50 companies that exhibit high cash flow relative to their market value. We would keep an eye on it as it grows but would wait before buying.