FTSE Group has launched a new FTSE Global Diversified Factor Index Series, which was co-developed with J.P. Morgan, a global leader in investment management, to serve as the underlying benchmark for the issuer’s first-ever ETF in the United States…..
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The J.P. Morgan Diversified Return Global Equity ETF (“JPGE”) will track the FTSE Developed Diversified Factor Index, a global developed market equity index that employs an innovative risk allocation and multi-factor scoring methodology. The benchmark is designed to measure the performance of securities from Developed markets spanning 40 regional industries, and which represent four distinct return factor characteristics: attractive relative valuation, positive price momentum, low volatility and small market capitalization. This index represents the first available within the new FTSE Global Diversified Factor Index Series.
Dating back to 2005, FTSE has an extensive track record in creating and calculating alternatively weighted indices that underpin financial products. FTSE calculates a broad range of fundamental-based, risk-based and thematically weighted indices in both Developed and Emerging markets.
Including the new JPGE ETF, there are 112 equity and fixed income ETFs tracking a FTSE benchmark available to investors in North America. As of May 31, 2014, there was a combined AUM of $145 Billion in ETF assets benchmarked to FTSE indices in North America.
Source: ETFWorld.com
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