Daily ETF Watch: New Min Vol Funds Filed
Recon Capital files for four minimum-volatility ETFs.
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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].
