We are seeking to decipher who is going to get affected negatively from technological change and eliminate those companies, explains David Barse, Founder and CEO, XOUT Capital. Their GraniteShares XOUT U.S. Large-Cap ETF (XOUT) uses algorithms to exclude companies that are not performing up to criteria and look at long term secular decline. They use things such as revenue growth, labor growth, profitability and buybacks for example. They score 500 of the largest market cap U.S. companies and remove the 250 that are not meeting their criteria. Included in the ETF are Apple (AAPL), Microsoft (MSFT) and Alphabet (GOOGL). Tune in for the strategy on this ETF.
