It appears that QVAL will get off to a solid start in terms of asset-gathering because, according to the statement, the new ETF’s advisor “anticipates transferring $50 million from its separately managed accounts into the fund.” Alpha Architect, QVAL’s advisor, runs a multi-billion dollar family office and manages separately managed accounts for high-net worth clients.
As of Oct. 16, there had been 155 new product launches in 2014, but just 16 have topped $75 million in assets under management while 11 have crossed $100 million in AUM, according to Morningstar data. [Another Decent Year for New ETFs]
ValueShares also plans to launch an international equivalent of QVAL, the ValueShares International Quantitative ETF, which will trade under the ticker “IVAL.”
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of Apple.