Focused investment approaches launch new products
State Street Global Advisors (SSGA) has added to its suite of exchange traded fund (ETF) products with the launch of a fund which tracks the MSCI World Quality Mix Index.
The SPDR MSCI World Quality Mix Fund would provide exposure to an equally weighted combination of three factor indexes — MSCI Value Weighted Index, MSCI Minimum Volatility Index, and MSCI Quality Index.
The fund is the 17th ETF offering by SSGA with Intermediary Business Group, senior vice president, James MacNevin stating the fund could be used alongside a standard market-cap weighted mandate and provided greater exposure and diversification in one trade.
The move follows Vanguard also launching a range of new ETFs last week and news that the ETF sector, while still growing strongly, was hit by recent market movements.
Global brokerage firm Invast has also launched a thematic based investment platform using Direct Market Access (DMA) Contracts For Difference over liquid global shares and exchange traded funds.
Invast said its PortfolioInvestor platform would offer portfolios relating to a specific market theme or trend including ‘Ageing Population Australia', ‘US Cyber Security', ‘Bullish Australian Property', ‘Iconic Australian Brands' and ‘Takeover Targets Australia'.
Invast chief executive Brendan Gunn said the PortfolioInvestor platform had around 30 investment themes currently on offer which had been designed to ensure no single share holding could create a large negative impact on the overall performance.
AUTHOR
Jason Spits
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