Exchange-traded fund from Reno has attracted $10 million
U.S. One Inc. of Reno on Thursday reported its exchange-traded fund,
One Fund, has attracted $10 million
in assets after eight months of operation.
Exchanged-traded funds are an alternative to mutual funds and trade throughout the day like common stocks, rather than only once daily like mutual funds.
One Fund (ticker: ONEF, New York Stock Exchange) provides investors with a way to buy a worldwide portfolio of stocks. It owns stakes in five other low-cost ETFs that hold an index of stocks from various sectors.
One Fund shares fell 12 cents, or 0.43 percent, Thursday to close at $28.
