PIMCO is partnering with Research Affiliates to bring out seven new equities-based ETFs through a new line of PIMCO Fundamental IndexPLUS AR products. For instance, PIMCO already announced new offerings back in August last year, including the PIMCO Fundamental IndexPLUS AR Active ETF and the PIMCO International Fundamental IndexPLUS AR Strategy Active ETF. [PIMCO to Shutter Four ETFs, Add Three New Funds]
Meanwhile, J.P. Morgan Asset Management is also expanding its suite of strategic beta ETFs, launching the JPMorgan Diversified Return Emerging Markets Equity ETF (NYSEArca: JPEM) Thursday. [J.P. Morgan’s New EM ETF Challenges Conventional Rivals]
Earlier, Nasdaq acquired Dorsey Wright & Associates, an investment advisory firm that specializes on smart-beta indices, for $225 million in cash and debt, which suggests that the exchange operator is also interested in the quickly growing smart-beta indexing space. [Nasdaq Boosts Index Business With Dorsey Wright Acquisition]
For more information on the indexing methodologies, visit our indexing category.
Max Chen contributed to this article.