In other words, we expect that students do have an incentive to minimize their costs (unless the subsidy program is set up in such a way to negate that incentive), though the fact that students use price as a proxy measure for quality in higher ed likely significantly dampens this effect.

FORBES: Who Receives the Subsidy Really Does Matter

The ETF tracks a NYSE Arca index that selects stocks based on price and earnings momentum, earnings quality, management and value, says Ed McRedmond, senior vice president of institutional and portfolio strategies at Invesco PowerShares, the fund's sponsor.

WSJ: Funds to Fine-Tune Technology Exposure

"We attracted a significant number of high-quality institutional investors, " said Manchester United Vice Chairman Ed Woodward.

WSJ: Manchester United IPO Fails to Excite the Crowds

And some of his supporters still hanker after the "star quality" they believe he brought to the party, even as they throw their weight behind Ed.

BBC: Labour conference: David Miliband back in spotlight