ETFs

Compass EMP lists three ETFs on Nasdaq Stock Market

Compass EMP has listed three new smart beta volatility exchange-traded funds (ETFs) on the Nasdaq Stock Market.

The new funds – the first ETFs to be launches by Compass EMP – are the Compass EMP US 500 Volatility Weighted Index ETF (CFA), Compass EMP US 500 Enhanced Volatility Weighted Index ETF (CFO) and Compass EMP US EQ Income 100 Enhanced Volatility Weighted Fund (CDC).
 
"We are excited to introduce the first broad market, smart beta index that enhances market efficiency through fundamental criteria and security volatility weighting," says Stephen Hammers, chief investment officer of Compass EMP Funds. "These ETFs are also the first to market that have the ability to liquidate 75 per cent of the securities in the index to cash in the event of a market decline."
 
The CFA Fund finds investment results that correlate with the price and yield performance, before fees and expenses, of the CEMP US Large Cap 500 Volatility Weighted Index (the CFA Index). The CFA Index is a passive broad market index consisting of the common stock of the 500 largest US based companies with four quarters of positive earnings weighted based on their daily standard deviation (volatility).
 
CFO looks for investment results that correlate with the price and yield performance, before fees and expenses, of the CEMP US Large Cap 500 Long/Cash Volatility Weighted Index (the CFO Index). The CFO Index is a passive broad market index consisting of the common stock of the 500 largest US based companies with four quarters of positive earnings weighted based on their daily standard deviation (volatility). The index has the ability to liquidate up to 75 per cent of the securities to cash in the event of a market decline.
 
CDC seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the CEMP US Large Cap High Dividend 100 Long/Cash Volatility Weighted Index (the CDC Index). The CDC Index is a passive index and generally consists of the common stock of the 100 highest dividend yielding stocks of the CEMP US Large Cap 500 Volatility Weighted Index. The index securities are then weighted based on their daily standard deviation (volatility). The index has the ability to liquidate up to 75 per cent of the securities to cash in the event of a market decline.
 
"We are pleased to launch CDC, CFA and CFO with our partners at Compass EMP and we are thrilled they chose the NASDAQ marketplace to list and trade their ETFs," says Dave LaValle, head of exchange-traded product listings at Nasdaq OMX. "Compass EMP will benefit from Nasdaq's highly efficient listings platform for exchange-traded product suites and the liquidity spectrum we represent."

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