The UTRN ETF provides investors with the opportunity to capitalize on the tendency for S&P 500 stocks which have experienced sharp, short-term declines to quickly bounce back. Negative news is contagious, many sell-offs are over-done, entire sectors can be over sold. Vesper Capital Management created a systematic, quantitative, rules-based Customized Index, UTRNX calculated by Standard and Poor's Dow Jones that allowes investors to buy the dips and ride the potential rebounds.
The concept of “Short Term Reversal” where on average stocks with relatively poor weekly performance , can reverse and earn higher returns relative to peer stocks the next week has been studied by scholars and industry experts dating back to 1965. Based on over 25 years of testing, simulations, and quantitative research conducted by West Virginia university professor Dr. Victor Chow (Ph.D. Finance, CFA), UTRN attempts to improve on this market anomaly by applying a proprietary algorithm - the Chow Ratio - to identify stocks that have the greatest potential for rebound. Historically, trading costs were prohibitive in making this strategy successful. Only recently do to the accessibility of short-term pricing data, substantially lower trading costs, and the availability of the ETF wrapper, has this type of unique strategy been able to be brought to market.
There is no guarantee that the methodology will generate positive performance. Past performance does not guarantee future results.
UTRNX is an equity index developed by Vesper Capital Management and calculated by S&P Dow Jones Indices. It is comprised of twenty-five S&P 500 stocks, rebalanced on a weekly basis, that have the best chance to experience a short-term reversal effect and potentially generate returns, based on research conducted by West Virginia University Professor Dr. Victor Chow, Ph.D. Finance, CFA.
Vesper Capital Management, a unique academic / private sector collaborative, located in King of Prussia, Pennsylvania was created to enhance the lives of others by bringing to market innovative investment strategies to help individuals and institutions better achieve their investment goals.
Founded by academic Victor Chow, Ph.D. Finance, CFA, industry veteran John Thompson and entrepreneur George Elias, Vesper draws upon over sixty years of collective investment management experience and quantitative research to develop active, customized indices and investment products designed to outperform the major market indices while incurring equal or less volatility.
The firm was capitalized by individuals with extensive experience in the legal, accounting and distribution aspects of the investment business.
Victor Chow is Senior Investment Consultant of Vesper Capital Management.
Dr. Chow is responsible for developing and implementing the firm’s proprietary algorithm.
Dr. Chow currently serves as Professor of Finance at West Virginia University. In addition, he also founded and currently directs the Center for Chinese Business and is Director of the Confucius Institute at West Virginia University. Previously, Dr. Chow served as a Senior Financial Economist on the Shanghai Stock Exchange, and participated in various Chinese Government Leaders & State Corporation Executive Educational Programs for over 15 years.
Dr. Chow earned a B.S. degree in natural resources from the Chinese Cultural University, an M.A. and Ph.D. in Finance from the University of Alabama, and holds the Chartered Financial Analyst® designation.
John V. Thompson is Co-Founder and President of Vesper Capital Management.
Mr. Thompson is responsible for shaping Vesper Capital Management’s global brand and marketing strategy for institutional and retail clients.
Mr. Thompson previously served as Senior Vice President at Emerald Advisers, where he was responsible for the oversight and implementation of institutional sales, marketing and client retention and was instrumental in growing the firm from $75 million to $4 billion in assets under management. Prior to this, he served as a Vice President-Portfolio Management/Marketing for Cashman Farrell and Associates. Mr. Thompson started his career as an account executive at Dean Witter Reynolds.
Mr. Thompson earned a B.A. degree in business administration from Gettysburg College and holds his Series 7, 63, and 65 licenses.
George A. Elias is Co-Founder and Chief Executive Officer of Vesper Capital Management.
George is responsible for managing the company’s daily operations and executing the firm’s business strategy.
His experience includes 18 years as CEO and Founder of Educational Impact Inc., a leading provider of online video for K-12 professional development and teacher preparation courses for higher education.
He has worked as a Managing Director at The Garrett Group, a privately owned land development conglomerate, and as Regional Vice President of Commercial Lending for Mellon Bank/Summit Bank. George has also been an angel investor and served on numerous private equity and corporate boards.
Mr. Elias graduated Summa Cum Laude from Susquehanna University with a dual Bachelor of Science degree in finance and economics.
Exchange Traded Concepts, LLC serves as the investment advisor. The Funds are distributed by SEI Investments Distribution Co., which is not affiliated with Exchange Traded Concepts, LLC or any of its affiliates. Check the background of SIDCO on FINRA’s BrokerCheck.