Invesco Ltd. has launched the Invesco International Developed Dynamic Multifactor ETF (IMFL), broadening its dynamic multifactor suite beyond U.S. stocks.
“Clients will now have access to international equities across geographies through an easily accessible single suite of ETFs,” said Anna Paglia, Global Head of ETFs and Indexed Strategies at Invesco.
The new fund joins the Invesco Russell 1000 Dynamic Multifactor ETF (OMFL), focused on large-cap U.S. stocks, and the Invesco Russell 2000 Dynamic Multifactor ETF, focused on U.S. small-caps. All three ETFs follow a rules-based approach that re-weights assets held from their underlying index according to changing economic cycles and market conditions.
IMFL aims to include least 80% of its total assets from the constituent stocks of the FTSE Developed ex US Index and uses factor exposures targeted according to the four stages of the business cycle: recovery, expansion, slowdown and contraction that may may include low volatility, momentum, quality, size and value. The fund’s expense ratio is 0.34%.
JPMorgan Asset Management Introduces 2 Hedged Equity Funds
JPMorgan has launched the JPMorgan Hedged Equity 2 (JHQDX, for I Shares) and the JPMorgan Hedged Equity 3 (JHQTX, for I Shares), which seek to hedge investors’ overall long exposure to the S&P 500 equity index.
Each fund’s hedging strategy is implemented on staggered start dates and resets every three months to seek a consistent investment experience. At the beginning of each hedged period, a disciplined options overlay strategy is implemented based on market conditions. The strategy is intended to reduce risk over the long term by offsetting losses resulting from market volatility.
“We expect strong demand for both JHQDX and JHQTX as investors look for managed solutions that are designed for capital appreciation, and employing the hedged experience allows clients to stay invested no matter the state of the market,” said Hamilton Reiner, Portfolio Manager and Head of U.S. Equity Derivatives at J.P. Morgan Asset Management, in a statement.
The institutional shares of the funds have an expense ratio of 0.60%.
DWS Launches S&P Midcap and Small-Cap ESG ETFs
DWS has expanded its ESG footprint with the launch of the S&P MidCap 400 ESG ETF ( MIDE) and the S&P SmallCap 600 ESG ETF (SMLE). They are the first ETFs to track those S&P ESG indexes, which were introduced in early February.