new PRPFX-type ETF on the way via Global X

[craigr]

Convergent evolution?  Browne is not that famous outside of certain internet sites.

He was a New York Times best selling author, presidential candidate, wrote articles, gave speeches and generally was in the public eye quite a bit. He was not unknown. It is extremely unlikely this index just happened on its own.

[quenali]

I see PERM has an expense ratio of .49.  Does that include the expenses of the underlying ETF's or in addition to?

[Ad Orientem]

I see PERM has an expense ratio of .49.  Does that include the expenses of the underlying ETF's or in addition to?

It is inclusive.  That said, I think it's on the high side for a passively managed fund.  Though certainly cheaper than PRPFX.

[smurff]

You could say that Solactive is a bit like how Henry Varnum Poor's company, who used to publish yearly stock data, combined with Luther Lee Blake's Standard Statistics company/bureau to create the Standard and Poor's merged group who published more frequent stock data. i.e. mostly just share price/index mathematical stuff. Others then use those reference data (index) to create funds that attempt to mirror the mathematical index and that investors can actually trade.

Thanks for the research and for posting the info, Clive.  
I wondered where they came from and how long they've been at it (indexing).

[shoestring]

Convergent evolution?  Browne is not that famous outside of certain internet sites.

He was a New York Times best selling author, presidential candidate, wrote articles, gave speeches and generally was in the public eye quite a bit. He was not unknown. It is extremely unlikely this index just happened on its own.

And yet most people have never heard of him.  Audie Murphy was an amazing person too yet few know of him.  I am sure there are thousands of people who are distinguished in some way yet lost to history.

[craigr]

Convergent evolution?  Browne is not that famous outside of certain internet sites.

He was a New York Times best selling author, presidential candidate, wrote articles, gave speeches and generally was in the public eye quite a bit. He was not unknown. It is extremely unlikely this index just happened on its own.

And yet most people have never heard of him.  Audie Murphy was an amazing person too yet few know of him.  I am sure there are thousands of people who are distinguished in some way yet lost to history.

The point really is that Solactive (that the ETF bases their index) calls their index the Solactive Permanent Index:

http://www.structured-solutions.eu/aktu ... 000SLA1PM4

So it may be possible that there was convergent discovery. But what are the odds of convergent discovery and naming the index with the word "Permanent" in it? Those things all combined are incredibly remote. IMO.