SmartBe Wealth (SmartBe) has launched the SmartBe Global Value Momentum Trend Index ETF, which seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Alpha Architect Value Momentum Trend for Canada Index.
The SmartBe ETF has an annual management fee of 0.86 per cent of the net asset value of the units of the SmartBe ETF.
Series L units of the fund are now trading on the Aequitas NEO Exchange under the trading symbol SBEA.
The underlying index is designed by Alpha Architect, a research-intensive asset management firm that delivers concentrated factor exposure through indices, exchange-traded funds, separately managed accounts and pooled vehicles. The company mission is to empower individuals through education in order to develop sustainable investors. Their foundation for investment decision making is to identify unique stock characteristics that are associated with systematic mis-pricing and design indices and portfolios that seek to deliver concentrated exposure to these unique characteristics. The firm is based in the suburbs of Philadelphia, PA.
“SmartBe just created history thanks to Alpha Architect. The SmartBe ETF is the first quant ETF that is a made-in-Alberta solution, using Alberta-based and national service providers,” says Arthur Johnson, Chief Investment Officer of SmartBe Wealth.