Javelin Investment Management has filed paperwork with the SEC to launch the JETS Deep Value Index Fund, an ETF designed to track, before fees and expenses, the performance of the Dow Jones Deep Value Index.

The Dow Jones Deep Value Index is designed to represent the most liquid securities meeting the Deep Value investment criteria in the market, and to reflect the industry breakdown of the global market.

The new JETS fund marks a re-entry into the ETF market for Javelin, following the closure of the JETS Contrarian Opportunities Index Fund last September after it failed to attract assets. The company also closed the JETS Dow Jones Islamic Market International Index Find for the same reason back in 2010.