Former Head of PowerShares lists Elkhorn S&P 500 Capital Expenditures ETF
May 31st, 2015 | By John Maher, CFAElkhorn Investments, the research-based investment solutions provider, has announced the listing of the Elkhorn S&P 500 Capital Expenditures ETF (CAPX) on the Nasdaq exchange. “We are pleased to receive a license from S&P Dow Jones Indices for the S&P 500 Capex Efficiency Index, bringing the first capital expenditures (capex) ETF to market,” said Ben Fulton, Founder and CEO of Elkhorn Investments and former Managing Director of Global ETFs at Invesco PowerShares. “Capex is the reinvestment of resources back into a business and a key driver of future growth. The importance of capital expenditures has been widely overlooked in today’s market.”