“IVAL is concentrated and highly active, unlike most value-based ETFs,” said ValueShares Chief Investment Officer and founder Dr. Wesley Gray in a statement. “The market is awash with closet-index strategies which hold 200 or more securities. We seek to deliver a high-conviction value approach backed by extensive academic and market research and a substantive knowledge of the manner in which irrational investor behavior can create mispricing. With IVAL, we can now give our investors access to this strategy with an international lens.”
Like its U.S.-focused stablemate, IVAL looks to exploit behavioral bias that is persistent throughout financial markets.
IVAL charges 0.99% per year.
ETF Trends editorial team contributed to this post.