Sep. 13, 2015, 9:00 AM
- The $1.1B iShares MSCI USA Quality Factor ETF (NYSEARCA:QUAL) now tracks the MSCI USA Sector Neutral Quality Index. The new index selects companies with a greater degree of quality characteristics relative to the other companies in their respective Global Industry Classification Standard sectors, rather than picking them from the parent index.
- The $647M iShares USA Value Factor ETF (NYSEARCA:VLUE) now tracks the MSCI USA Enhanced Value Index for similar reasoning.
- The $45M iShares MSCI USA ETF (NYSEARCA:EUSA) tries to garner some more interest, abandoning the MSCI USA Index and changing its name to the iShares MSCI USA Equal Weighted ETF. The newly-named ETF tracks the MSCI USA Equal Weighted Index, and transforms itself from a run-of-the-mill cap-weighted fund into the latest smart-beta ETF.
- Source: ETF.com
Mar. 5, 2015, 1:02 PM
- 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.
- Broad quality, value or momentum ETFs: PDP, QUAL, BFOR, MTUM, PWC, FAB, QVAL, MOM, MMTM, DWAQ, VLUE, VUSE
Oct. 21, 2014, 2:35 PM
- The ValueShares U.S. Quantitative Value ETF (Pending:QVAL) will be an actively managed fund, offering investors access to an index of undervalued companies, selected using forensic accounting, valuation and quality screens.
- "While the Fund will invest in approximately 50 U.S. equity securities as determined by its quantitative value factors, the quantity of holdings in the Fund will be based on a number of factors, including the asset size of the Fund and the number of companies that satisfy the Adviser’s quantitative measurements at any one time," as stated in the prospectus.
- The prospectus also states that "the fund may invest in securities of companies in any industry and of any market capitalization," leaving the investment options open for the team at Alpha Architect.
- Other multi-cap value ETFs: BFOR, PWC, FAB, VLUE, VUSE
Sep. 10, 2014, 4:38 PM
- 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.
- Other broad U.S. equity ETFs built to maximize returns: USMV, QUAL, BFOR, PWC, FAB, VLUE, VUSE, PDP, MTUM, MOM, MMTM, DWAQ
Mar. 25, 2014, 4:27 PM
- Schwab's fundamental index ETFs - Research Affiliates Fundamental Index (RAFI) - get a thumbs-up from Morningstar's Samuel Lee. They're cheap - 3-12 basis points less expensive than PowerShares' lineup of FTSE RAFI finds and lower than Schwab's earlier lineup of Russell Fundamental Index Funds - but they're not the cheapest (VLUE charges less, as does WisdomTree's offerings).
- Lee, however, likes the Schwab offerings because of their exposure to smaller cap stocks, which historically have generated most of the value alpha. He also prefers RAFI's use of multiple valuation metrics as opposed to WisdomTree's reliance on either dividends or earnings. "Multiple metrics can cancel out some of the idiosyncratic noise attributable to a single metric, thereby producing cleaner exposure to the value factor."
- The funds: FNDB, FNDX, FNDA, FNDF, FNDC, FNDE.
Jan. 21, 2014, 3:14 PM
- Vident Financial is launching its second ETF tomorrow after a successful introduction of its first fund, the Vident International Equity ETF (VIDI) in October 2013.
- As described on the fund's home page, the Vident Core U.S. Equity ETF (VUSE) is a multi-cap fund which "seeks to represent a portfolio of U.S. companies that adhere to higher standards of of corporate governance and accounting".
- VUSE will feature a unique weighting strategy, representing holdings by Vident's principle expressions, placing higher focus on value than market-cap to determine weighting.
- Other U.S. multi-cap value ETFs: BFOR, PWC, IWW, FAB, VLUE
Jul. 18, 2013, 12:07 PMIShares 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 AMBlackRock (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
The iShares MSCI USA Value Factor ETF (the “Fund”) seeks to track the performance of an index that measures the performance of U.S. large- and mid-capitalization stocks with value characteristics and relatively lower valuations, before fees and expenses.
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