The Absolute Core Strategy ETF (ABEQ) is comprised of securities that St James determines to be underpriced across any sector and market-cap.
What's the fuss about non-transparent ETFs?
ABEQ is looking to hold between 20 and 25 companies with each having a limiting weight of 8% and each sector should be no greater than 20%.
The fund does say it may invest a substantial volume of its assets into cash if no underpriced assets are found. So with a price of 0.85%, it could turn out to be a rather expensive current account if valuations are high.