Exchange-traded funds offer a convenient way to invest in sectors or niches that interest you. If you expect stocks with low P/E ratios to do well as they gradually rise in value, approaching more reasonable P/E levels, the Russell Low P/E ETF
ETFs often sport lower expense ratios than their mutual fund cousins. The Low P/E ETF's expense ratio -- its annual fee -- is a relatively low 0.37%.
This ETF has performed... well, it's really too soon to say, as it only has a few months under its belt.
Note that the ETF is not only very young, but also very small. Thus, if you're thinking of buying in, make sure you don't get whacked by a wide spread. Alternatively, you might just add the ETF to your watchlist for future consideration, or peek into its holdings for some investment ideas.
What's in it?
Several of this ETF's components have posted solid gains over the past year. US Bancorp
Procter & Gamble
Other companies haven't done quite as well but could have a positive effect on the ETF's returns in the years to come. General Electric
The big picture
A well-chosen ETF can grant you instant diversification across any industry or group of companies -- and make investing in and profiting from it that much easier.