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Global X rolls out 2 ETFs with support from JPMorgan

Oct. 24, 2014 11:34 AM ETHUSE, CAPD, FV, SCTO, EFFEBy: Carolyn Pairitz Morris, SA News Editor4 Comments
  • The Global X JPMorgan U.S. Sector Rotation Index ETF (NYSEARCA:SCTO) is a fund of funds ETF; it will track a portfolio of other ETFs from an index that includes 11 funds—the popular nine Select Sector SPDRs, a real estate fund and a short-term Treasury fund.
  • The Global X JPMorgan Efficiente Index ETF (NYSEARCA:EFFE), like SCTO, tracks an index designed to select the 11 ETFs from its fund universe exhibiting the best returns over the prior six-month period along with annualized volatility of no more than 10 percent.
  • “You’ve seen billions go into these tactical strategies, we believe there’s gap in providing an ETF wrapper in the space, and in having a top-tier firm to provide the backbones for these strategies,” said Bruno del Ama, chief executive of Global X, in a press release.
  • Other sector rotation ETFs: CAPE, FV, HUSE

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