FXG aims to pick winners in the US consumer staples sector, instead of going for market-like exposure. Its quant-based model weeds out underperforming stocks in the Russell 1000 using value and growth screeners. The chosen stocks are then weighted using a tiered equal-weighting scheme. FXGs resulting basket can show some significant cap-tilts and sector biases. The index is reconstituted and rebalanced on a quarterly basis.
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