State Street Global Advisors has launched an exchange-traded fund (ETF) that will track global developed market equities.
The SPDR MSCI World Value Ucits ETF will apply a higher weighting to equities with low valuation characteristics.
The ETF will track the MSCI World Value Exposure Select Index, which includes large and mid-cap securities across 23 developed markets. The index is designed to represent the performance of companies that exhibit relatively higher value exposure within the parent index while also seeking to avoid poor quality companies and “value traps”.
Matteo Andreetto, head of SPDR ETF business for Emea said: “Investors using value strategies to take advantage of cheap stocks need to protect their portfolios against stocks that are ‘cheap for a reason’.
“Our suite of ETFs tracking the MSCI Value Exposure Select Indices enables investors to access strong value factor exposure, while seeking to avoid value traps using a light quality touch.”
The fund will have a TER of 0.25%.
© 2020 funds europe
