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Compass launches EMP US Discovery 500 Enhanced Volatility Weighted Index ETF


Compass EMP has listed a new exchange-traded fund (ETF) – the Compass EMP US Discovery 500 Enhanced Volatility Weighted Index ETF – on The Nasdaq Stock Market.

“It’s exciting to introduce our latest, innovative Smart Beta product that seeks to outperform both traditional indexes as well as active ETFs over the long-term,” says Stephen Hammers, chief investment officer of Compass EMP Funds. “Our newest ETF is focused on US small cap equities and may offer performance enhancements through fundamental criteria combined with its unique securities volatility weighting. Further, this ETF has the ability to liquidate 75 per cent of the securities in the index to cash in the event of a market decline.”
The fund is designed to track the performance of the CEMP US Small Cap 500 Long/Cash Volatility Weighted Index, before expenses. The fund will track the CEMP Smart Beta Index and will combine Smart Beta methodologies with the ability to move cash in the event of a market decline. The CEMP US Small Cap 500 Long/Cash Volatility Weighted Index is based on the daily price of the CEMP US Small Cap 500 Volatility Weighted Index. The index represents the broad US small cap stock market, and is designed to hedge downside risk potential.
“We’re pleased to welcome Compass EMP’s fourth innovative exchange traded product (ETP) to the Nasdaq marketplace,” says Dave LaValle, head of exchange traded product listings at Nasdaq OMX. “We value our partnership with Compass EMP and appreciate their confidence in choosing Nasdaq as their listing partner to bring their first suite of ETPs to market.”

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