Let’s Mine for ETFs
After months of development work and we are excited to unveil the ETF Miner.
Its purpose is to efficiently scan through the world of exchange traded products. What is an ETF (also commonly referenced as EFT)? Exchange Traded Funds which usually own the underlying securities, are a subset of exchange traded products which may have different structures. When you are ready to choose, review the particular structure to see if it is right for you.
We start by asking questions to our users to see what is desired with an aim to deliver highly targeted results. Before delivering the results, the ETF Miner also reviews a proprietary element which covers topics such as performance, replication structure, number of holdings etc. This element is undertaken solely by Threadvest to streamline the user experience.
The data in finance is growing each day. The ETF Miner captures 20Mbs of data each day from an institutional quality database and stores them on the server for your use.
What does Miner exactly do?
Currently there are more than 2000 US issued ETFs, and this number is growing constantly. The Miner is supposed to deliver an ETF that fits the user’s interests by asking three simple questions. Once your selections are made, the ETF Miner will try to present you with three options where available. It is basically seeking to find:
What interests you?
What is important to you?
What is your goal?
The three specific questions are –
- What is your area of interest? For example, you may choose Cannabis stocks.
- What are your priorities when it comes to investing? The user will force rank four criteria from #1 to #4: Fee, Tenure, Size and Spread.
- What is the purpose of the investment? For example, is your goal to achieve growth, some income, to minimize volatility or mainly to focus on capital preservation? These are sometimes mutually exclusive which will cause some to be grayed out. For example, quantitative strategies will rarely allow capital preservation, and more likely allow growth.
Answer these questions, and we’ll find an ETF that could be the one that meets your interests.