Cambria ETF Trust and its investment managing arm – Los Angeles based Cambria Investment Management, recently expanded its suite of so-called “smart beta” funds in an attempt to tap into stocks just when the domestic US economy seems poised for a strong take-off. The newly launched Cambria Value and Momentum ETF (VAMO) aims to provide superior risk-adjusted returns through a …
New ETFs On The Block: ALPS Sector Leaders ETF (SLDR)
ALPS Holdings, the Denver, Colorado based fund issuer better known for its customized investment products, recently launched a product that seeks to avoid weighting anomaly in different sectors due to security mis-pricings. The newly launched ALPS Sector Leaders ETF (SLDR) is an effort by the company to avoid loss of diversification benefits associated with under– or over-weighting particular sectors. Market …
New ETFs On The Block: Hull Tactical US ETF (HTUS)
Blair Hull, one of the veterans of quantitative trading on the Wall Street, recently entered the exchange-traded fund industry in association Exchange Traded Concepts – a white label ETF service provider. Hull’s actively managed fund uses hedge fund like proprietary trading strategies with an aim to give superior returns to the broader investor community. Blair Hull, along with his partners, …
New ETFs On The Block: SPDR Euro STOXX 50 Currency Hedged ETF (HFEZ)
State Street Global Advisors, a unit of State Street and the third largest US issuer of exchange-traded funds, recently jumped onto the currency-hedged ETF bandwagon with the debut of the SPDR Euro STOXX 50 Currency Hedged ETF (HFEZ). The new fund comes with low fees, possibly to compensate for the delay in a niche that is dominated by WisdomTree, iShares …
New ETFs On The Block: Elkhorn S&P 500 Capital Expenditures Portfolio (CAPX)
When it comes to innovation, there’s hardly any segment in the financial sector that can beat the exchange-traded funds industry. With more than 1,700 products and about $2.1 trillion in assets under management, it all points to an industry that flourishes on novelty and is more dynamic than every before. It’s no surprise then that a new product with a …
New ETFs On The Block: Diamond Hill Valuation-Weighted 500 ETF (DHVW)
Diamond Hill Capital Management, an Ohio based independent investment manager with about $16 billion in assets under management that provides services to institutions and individuals through separate accounts, mutual funds and private investment funds, recently entered the exchange-traded funds arena. Founded in 2000 by Ric Dillion during the peak of dot-com mania, it took 15 years for the investment manager, …