On Thursday, Virtus ETF Options, a multi-manager ETF sponsor and an affiliate of Virtus Funding Com
On Thursday, Virtus ETF Options, a multi-manager ETF sponsor and an affiliate of Virtus Funding Companions, introduced the introduction of the Virtus Terranova U.S. High quality Momentum ETF (NASDAQ: JOET), which strives to ship publicity to U.S.-listed large-cap firms that mix sturdy high quality fundamentals with constructive momentum technical tendencies.
JOET tracks the Terranova U.S. High quality Momentum Index (VTUSQM), which was created and developed by Joseph M. Terranova, senior managing director and chief market strategist for Virtus. The index’s methodology displays the funding philosophy Terranova has utilized all through his profession on Wall Road as an expert investor, threat supervisor, and dealer.
“An integral part for constructing long-term development is sustaining self-discipline and figuring out high-conviction funding alternatives for portfolio allocation and diversification,” stated Terranova. “All through my profession, I’ve decided that high-conviction funding alternatives are rooted in each high quality elementary energy and constructive technical momentum tendencies.”
Pleasure For JOET
JOET could function a core fairness holding in a diversified portfolio because the ETF strives to supply publicity to the most effective performing U.S. large-cap firms with the very best high quality elementary traits, leading to a definite portfolio constructed for long-term development. With its high quality momentum strategy, JOET systematically seeks to establish and seize returns of excessive conviction funding alternatives characterised by elementary (high quality) and technical (momentum) attributes.
It leads to a portfolio of 125 equal inventory weightings on the time of quarterly index rebalance to assist guarantee steadiness and diversification, whereas additionally making an attempt to scale back over-concentration, single occasion inventory threat, and limitations, relative to conventional cap-weighted methods.
“We imagine the chance to make the most of Joe’s funding philosophy and experience with the launch of the Virtus Terranova U.S. High quality Momentum ETF delivers a compelling, core home fairness technique for the Virtus ETF suite,” added William Smalley, government managing director of Virtus ETF Options. “Funding professionals and buyers will uncover how JOET could function a differentiator for his or her respective portfolios.”
“The methodology behind the Terranova U.S. High quality Momentum Index, which JOET follows, gives rules-based, systematic publicity to home large-cap firms exhibiting these high quality and momentum traits,” Terranova stated. “It additionally removes any emotion from the decisionmaking course of in a contemporary market setting proliferated by algorithmic fashions and a widening hole between top-performing and bottom-performing firms.”
Go to Virtus ETF Options to study extra in regards to the Virtus Terranova U.S. High quality Momentum ETF (JOET).
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.