Daily ETF Watch: New Min Vol Funds Filed

Recon Capital files for four minimum-volatility ETFs.

Reviewed by: Heather Bell
Edited by: Heather Bell

Recon Capital has filed for four ETFs targeting the low-volatility factor. The four funds are set to launch on the NYSE Arca, and three of them already have tickers assigned. The proposed ETFs include the following:

  • Recon Capital International Minimum Volatility ETF
  • Recon Capital Europe Minimum Volatility ETF (IVOL)
  • Recon Capital Japan Minimum Volatility ETF (JVOL)
  • Recon Capital USA Minimum Volatility ETF (MVOL)

The funds will track indexes provided by Stoxx Ltd. that are derived from its cap-weighted benchmarks and based on a portfolio optimization process designed by Axioma. The methodology takes into account a variety of factors such as value, growth, momentum, leverage, liquidity and exchange-rate sensitivity, according to the prospectus.

The filing did not include expense ratios.

Contact Heather Bell at [email protected].

Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a graduate of Dartmouth college and resides in the Denver area with her two dogs.