http://newsok.com/investors-with-pride-in-state-are-sought/article/3395751
Anything?
Kitschy. Won't be a good one to be in yet if we have not seen the real bottom of the recession nationally since it's top-heavy with energy, banking, and utilities. Might as well just call it an energy etf with 73% of assets in the energy industry.
That's what I was thinking Conan. If the fee structure was right I'd probably kick in a small investment into this fund. I think Oklahoma is positioned to remain competitive in several industries and the company's here, generally, operate on a conservative business model (CFS, SemGroup, Williams excepted. Man, maybe not).
Funds are a crap shoot. But if the fees are off it's a no go. My guess is a start-up fund will have fees well over my max range. (when I think of fees, I mean fees and/or expense ratio in general)
Quote from: cannon_fodder on August 26, 2009, 04:23:29 PM
That's what I was thinking Conan. If the fee structure was right I'd probably kick in a small investment into this fund. I think Oklahoma is positioned to remain competitive in several industries and the company's here, generally, operate on a conservative business model (CFS, SemGroup, Williams excepted. Man, maybe not).
Funds are a crap shoot. But if the fees are off it's a no go. My guess is a start-up fund will have fees well over my max range. (when I think of fees, I mean fees and/or expense ratio in general)
It's an ETF....anybody know these gents and what their track records are?
Quote from: FOTD on August 26, 2009, 04:27:20 PM
It's an ETF....anybody know these gents and what their track records are?
In an ETF the fund still incurs fees and expenses. They aren't accounted for (or regulated) like a mutual fund, but it is essentially a measure of overhead to assets. My guess is there overhead to asset ration will be high. Just a guess - but start up funds of any kind tend to have high expense ratios. Organize it as an ETF or otherwise. [to be honest, I'm not very familiar with ETFs outside of index funds]
And no. I do not know these guys or their track record. Care to enlighten me?
Just wondering....
A friend from OKC responds "Capital West Securities". Never mind. Should not seek info on financials here at TNF.
Never mind.