SSgA Rolls Out ’Tilt’ SPDRs

January 02, 2013

 

State Street Global Advisors in late October launched two S&P 1500 ETFs with value and momentum factor tilts.

The SPDR S&P 1500 Value Tilt ETF (NYSE Arca: VLU) tracks the S&P 1500 Low Valuation Tilt Index, which is an alternatively weighted version of the S&P 1500 Index that overweights stocks with relatively low valuations. Stocks that are relatively expensive are underweighted.

The SPDR S&P 1500 Momentum Tilt ETF (NYSE Arca: MMTM) tracks the S&P 1500 Positive Momentum Tilt Index, which overweights those stocks with the highest momentum in the S&P 1500 and underweights those with low momentum.

Both new ETFs come with an annual expense ratio of 0.35 percent.

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