ETFs

SSgA planning six actively-managed ETFs

State Street Global Advisors (SSgA) is planning to launch six actively-managed exchange-traded funds, according to paperwork filed with the US Securities and Exchange Commission.

In the first of two filings, SSgA details plans for three value and growth ETFs focused on the broad US equities market.

The proposed SPDR MFS Systematic Core Equity ETF will employ a bottom-up approach to selecting securities based on fundamental and quantitative analysis in a bid to invest in companies that show best growth potential and value relative to peers.

The second proposed ETF, the SPDR MFS Growth Equity ETF, is similar to the Core strategy, but focuses exclusively on companies that show solid growth potential, while the SPDR MFS Systematic Value Equity ETF also relies on the bottom-up approach used in the broader Core strategy, but will focus on valuation plays.

In a second filing, SSgA outlines three risk-focused ETFs. The SPDR SSgA Risk Aware ETF will pick securities from the Russell 3000 universe and invest in those seen to be in line with “investor risk preferences” in a strategy that results in defensive or risk-seeking exposure depending on the anticipated level of risk in the broad market.

The SPDR SSgA Large Cap Risk Aware ETF is similar to the broader Risk Aware ETF, except that it will allocate as much as 80 per cent of the portfolio to large cap names selected from the Russell 1000 universe. The final ETF, the SPDR SSgA Small Cap Risk Aware ETF, will focus on small-cap names picked from the Russell 2000 universe.

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