ETF Watch: iShares Rolls Out Small Cap Low Vol Fund
The ETF offers low-volatility exposure to the small-cap space.
Today iShares is launching an ETF that complements its $15 billion blockbuster, the iShares Edge MSCI Min Vol USA ETF (USMV). The newest addition to the ETF giant’s lineup, the iShares Edge MSCI Min Vol USA Small-Cap ETF (SMMV), is making its debut on the Bats Global Markets Exchange, with an expense ratio of 0.20%.
SMMV’s benchmark is derived from the MSCI USA Small Cap Index, which represents about 14% of the total U.S. free-float market capitalization. The parent index’s components are reweighted using optimization tools designed to minimize volatility.
Bats Global Markets is the owner of ETF.com.
Van Eck To Close 2 ETFs
Van Eck announced that it would be shutting down two of its emerging/frontier market ETFs. The VanEck Vectors Gulf States Index ETF (MES), which has less than $7 million in assets under management, and the VanEck Vectors Indonesia Small-Cap ETF (IDXJ), with a little more than $6 million in AUM, will each see their last day of trading on Sept. 28.
Contact Heather Bell at [email protected].
