Daily ETF Watch: Momentum Fund Launches

Today Alpha Architect launched an actively managed ETF on the BATS exchange targeting U.S. stocks exhibiting momentum characteristics. The holdings of the MomentumShares U.S. Quantitative Momentum ETF (QMOM) are selected using a quantitative model.

QMOM holds stocks that Alpha Architect believes have positive momentum. Its portfolio includes roughly 50 companies at any given time, mainly concentrated in the large-cap space, although it can invest in small- and midcap stocks.

The fund comes with an expense ratio of 0.79%.

Hedged Bond Funds Planned

Deutsche Bank has filed for three currency-hedged international bond ETFs. The funds will track indexes of international issues that are denominated in non-U.S. currency.

The ETFs will cover three major spaces in the international bond market: Treasurys, investment-grade corporate bonds and high-yield bonds. They include the following:

• Deutsche X-trackers BofA Merrill Lynch International Treasury Bond Hedged ETF (ASHP)
• Deutsche X-trackers BofA Merrill Lynch International Corporate Bond Hedged ETF (ASHF)
• Deutsche X-trackers BofA Merrill Lynch International High Yield Bond Hedged ETF (ASHV)

The filing did not include expense ratios; however, it did indicate that the funds would list on the NYSE Arca exchange.

Contact Heather Bell at [email protected].