Charles Sizemore was quoted in the recent Reuters article on exotic ETFs: “Investors develop taste for exotic, far-flung ETFs”
But some investors criticized the combination of countries in the First Trust fund resulting in its memorable acronym. “BICK” was a twist on the “BRIC” theme popular last year, swapping South Korea in for Russia.
“The popularity of this would seem to have more to do with the catchy name than with the underlying rationale,” said Charles Sizemore, who runs Sizemore Capital Management in Dallas. “Why Korea and not South Africa? Is ‘BICSA’ not marketable?”