U.S. One Inc. Proposes New Fund Of Fund ETF
August 7th, 2009
Index Universe reports, “A new fund-of-funds is being proposed by a new entrant into the exchange-traded funds market.The ETF would be run by a trust established by U.S. One Inc. of Reno, Nev. According to a recently filed request to the Securities and Exchange Commission, the ETF would invest in a number of different ETFs covering international as well as domestic stocks.No details about specific funds to be used were included in the filing. But it did say that the adviser will use a long-term-oriented, buy-and-hold strategy.”
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