FTSE is also the index provider for an array of well-known ETFs including the Vanguard FTSE Emerging Markets ETF (NYSEArca: VWO), the largest emerging markets ETF by assets. The iShares China Large-Cap ETF (NYSEArca: FXI), the largest and most heavily traded China ETF, also tracks a FTSE index.
The new ETF is managed by an experienced J.P. Morgan team, with 18-year veteran Beltran Lastra as the lead portfolio manager. Lastra’s team currently manages $12 billion in AUM globally, according to the bank.
The FTSE Developed Diversified Factor Index allocates almost 31% of its weight to U.S. stocks with another 22.4% going to Japanese equities, according to provider data. No other countries receive double-digit weights in the index. The consumer goods, consumer services and health care sectors combine for over 37% of the index’s weight.
ETF Trends editorial team contributed to this post.