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Spa ETF launches three more enhanced ETFs in London

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Spa ETF, a specialist provider of exchange-traded funds, has launched three more US equities-focused ETFs on the London Stock Exchange, following the launch of the firm’s initial range of

Spa ETF, a specialist provider of exchange-traded funds, has launched three more US equities-focused ETFs on the London Stock Exchange, following the launch of the firm’s initial range of products last month. The new products are the Spa MarketGrader large cap, mid cap and small cap funds, which contain the top 100 North American stocks within each market capitalisation category.

In September, Spa ETF became the first provider of enhanced ETFs on the London exchange with the launch of its first set of enhanced US equity ETFs. The Spa MarketGrader 40, 100 and 200 are based on a basket of North American securities with varying numbers of constituent stocks.

Spa’s ETFs use the fundamentals-driven indices created by MarketGrader’s quant-based system. The firm says the funds have been shown regularly to outperform conventional US capitalisation-based market indices and the majority of active fund managers.

As of the end of September, the MarketGrader 100 Index is up by 18.46 per cent so far this year, compared with 7.65 per cent for the S&P 500. The SPA MarketGrader 100 ETF is up 3.29 per cent since its launch on September 14.

MarketGrader’s methodology uses 24 quantitative filters within four main areas (growth, value, profitability and cash flow) to carry out a fundamental evaluation of more than 5,600 North American stocks. Each index periodically adjusts its holdings to ensure an equal weighting for all stocks and to ensure holdings are of optimal grade.

Spa ETF is supported by London & Capital, an independent firm of investment advisers and fund managers offering services including investment expertise, research, quantitative analysis and regulatory authorisation and that has USD3bn in assets under management.

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