The Arrow QVM Equity Factor ETF (NYSEARCA:QVM) is an equally-weighted portfolio of 50 stocks that simultaneously demonstrate strong quality, value and momentum characteristics.
This strategy is based on the Arrow Insights Quality Value Momentum Index, which has has shown a favorable risk/return profile relative to both the capitalization-weighted S&P 500 Index and the equal-weighted S&P 500 Index in historical analysis.
The Cambria Global Momentum ETF (NYSEARCA:GMOM) is an actively managed fund of funds investment, which will select its components using a quantitative screen for potential holdings with momentum and trend factors.
This is the 4th fund from Cambria, the first three being the Cambria Shareholder Yield ETF (NYSEARCA:SYLD), the Cambria Foreign Shareholder Yield ETF (NYSEARCA:FYLD) and the Cambria Global Value ETF (NYSEARCA:GVAL).
State Street Corporation's (NYSE:STT) new fund, the SPDR SSgA Risk Aware ETF, is designed to provide investors with competitive returns, compared to the broad U.S. equity market, and capital appreciation.
“The SPDR SSGA Risk Aware ETF (NYSEARCA:RORO) is targeted at providing investors an innovative solution for capitalizing on risk-on and risk-off fluctuations in the US equity market,” said Scott Ebner, senior managing director and global head of product development and research at State Street Global Advisors, in a statement.
Managed by SSGA’s Active Quantitative Equity Group, the fund will employ their quantitative market risk measurement model to identify, quantify and benefit from risk factors moving the markets at any given time.
IShares launches the MSCI USA Quality Factor ETF (QUAL) which will comprise a portfolio of about 125 stocks tilted towards consumer discretionary, energy and information technology sectors. The factor-based approach screens for 3 metrics of quality: high ROE, stable EPS growth, and low debt-to-equity. The expenses are expected to be 0.15%, similar to sister ETFs MTUM, SIZE, VLUE. Jul. 18, 2013, 12:07 PM|1 Comment
Apr. 18, 2013, 9:39 AM
BlackRock (BLK) expands its ETF franchise, for the first time launching funds developed jointly between iShares and an end-client (Arizona State Retirement System). New offerings: MTUM, SIZE, VLUE. Another first is the launch of two actively-managed funds, the Enhanced Large-Cap ETF (IELG) and the Enhanced Small-Cap ETF (IESM). Apr. 18, 2013, 9:39 AM