Rob Arnott’s ‘Deletions ETF’ Bets on Outcast Stocks: A New Trend in Investing?

Renowned investor Rob Arnott, known as the ‘godfather of smart beta’, has launched a new Exchange Traded Fund (ETF) that takes a unique approach to investing. This ETF, called the Deletions ETF (ticker NIXT), targets companies that have been removed from major indices like the S&P 500 and the Russell 1000. Arnott’s strategy is based on the idea of ‘reversion to the mean’, suggesting that these ‘rejected’ companies can rebound and potentially outperform their former indices.

Northrim BanCorp (NRIM): A Strong Stock for Trend Investors

Northrim BanCorp (NRIM) is a solid choice for trend investors, with a strong price increase over the past 12 weeks and a continued upward trend in the past four weeks. The stock also benefits from a Zacks Rank #2 (Buy), indicating strong fundamentals, and an Average Broker Recommendation of #1 (Strong Buy), highlighting the brokerage community’s optimism.

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