A Most Curious Contest: ETFs and the Staples of Life

FSTA, a fund of considerable size and ambition, favors the grandest establishments – the Costcos, the Walmarts, the Procter & Gambles – those titans upon whose shoulders the consumer world rests. It allocates its resources, as a monarch might distribute favors, according to the weight of their influence. RSPS, however, adopts a more democratic, if somewhat naive, approach. It distributes its affections equally amongst a host of lesser, though not insignificant, players. A most egalitarian sentiment, to be sure, yet one wonders if true prosperity can be achieved through such indiscriminate generosity.








