MBF Clearing Corp. founder and CEO Mark Fisher is launching an ETF.
Called the "Essential 40," it's an index that tracks stocks "essential to life," using a mix of active and passive management. Each stock has a 2.5% weighting.
Here's the list:
In tech: Facebook, Amazon, Cisco, Alphabet, Apple, Microsoft, Intel, ADP
In energy: Exxon Mobil, Duke Energy, Enterprise Products
In health care: UnitedHealth, Bristol-Myers Squibb, J&J
In financials: Visa, JPMorgan, CME, AIG, Berkshire Hathaway B
In materials: International Paper, Dow Chemical, Monsanto, US Steel, Potash
In industrials: Waste Management, 3M, American Airlines, Boeing, FedEx, GE, Lockheed Martin
In staples: Costco, Sysco, CVS
In discretionary: CBS, Comcast, Charter Comm, GM, Home Depot
In telecom: Verizon