No. of Recommendations: 1
The continual rebalancing need for this new ETF is probably what has caused it's high expense ratio of 0.4%.

The scary thing is the real cost of all this rebalancing -the transaction costs- don't even show up in the ER.

The only way to back them out is to track the fund against a frictionless index. But does an index exist for equal weighted S&P 500 stocks? I guess you could roll your own pretty easily.

Nick
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