JCO: Investing In The Contrary

Those who like fishing for value may find JETS Contrarian Opportunities Index Fund (JCO) to be a useful tool.  Launched today (4/9/2010) by the relatively new provider Javelin, JCO will attempt to track the Dow Jones U.S. Contrarian Opportunities Index, a rules-based portfolio of low-performing stocks that pass several tests of fundamental strength. According to its press release , Dow Jones has backtested the index on a monthly basis back to 12/31/91.  Annualized return from that point to the present is more than 21%.  It does not necessarily follow that a real-world portfolio would have had such impressive…