Returns For DDWM, DWM, HDWM Since Jan. 7
SPDR SSgA Gender Diversity Index ETF (SHE)
One of the biggest hits in the nascent environmental, social and governance (ESG) segment of the ETF market, the SPDR SSgA Gender Diversity Index ETF (SHE) has already picked up $279 million in assets. However, essentially all of that sum came from one investor―the California State Teachers' Retirement System (CalStrs)―which initially seeded the fund
In any case, CalStrs may be pleased with the fund so far, which has risen 10.7% since its inception in March. That's in line with the return of the S&P 500 in the period.
SHE holds firms of U.S. companies with a high proportion of women in leadership positions. The market-cap-weighted portfolio currently holds shares of Pfizer, Pepsi, Amgen, 3M, CVS, MasterCard and Starbucks as top holdings.
Investors in SHE may believe that gender diversity makes a company more prosperous, or they may simply want to advance the cause of gender diversity in the corporate world.
Returns For SHE, SPY Since March 8
First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC)
Encouraged by the success of the First Trust Dorsey Wright Focus 5 ETF (FV), First Trust launched the First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC). The new fund has already seen inflows of $197 million since its March launch.
Like its sister fund, FVC holds five First Trust sector and industry ETFs based on relative price momentum. FVC is rebalanced twice monthly, just like FV, but where it differs is in its option to hold cash "when the relative strength of more than one-third of the universe of First Trust ETFs begins to diminish relative to the cash index."
The cash portion of the fund may account for upward of 95% of its holdings, but is limited to an increase or decrease of 33% per rebalance.
Currently FVC has no cash position and essentially the same holdings as FVC. The year-to-date returns are similar too. FVC is up 6.3%; FV is up 7.5%; and the S&P 500 is up 7.3%.
Returns For FVC, FV, SPY Since March 18