Rob Arnott Is Launching an ETF Made Up of Stock-Index Rejects

What You Need To Know

• The Research Affiliates Deletions ETF (NIXT) will look to buy companies that were recently deleted from major indexes.
• Arnott says these stocks, which tend to be down about 50% before their ouster, oputperform the market.
• Not all members of his ETF will be hits, Arnott concedes.