Paralel Advisors LLC has just announced the launch of their debut ETF, the SRH U.S. Quality ETF (SRHQ) looking to track the performance of the SRH U.S. Quality Index. The index follows U.S. companies that show solid growth while not trading at excessive values. A quote from the Paralel’s CEO states, “SRHQ takes the Growth at a Reasonable Price (GARP) model one step further by screening for companies that not only have strong growth and reasonable valuation levels, but also display a pattern of consistent growth, a quality feature that is often overlooked.”
Paralel Launches First “Quality” ETF
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SRHQ will offer an equal stock-weighted portfolio that will rebalance annually.